Absolute Beachfront Resort
$1,595,000
Resort / Holiday management rights, Dolphin Heads QLD
Mackay Letting Rights For Sale
Restaurant, Function Room, and 38 Room Letting Rights
- Resort, with restaurant, function room and 38 room letting rights.
- Operating annual cashflows exceeding $160,000.
- Perfectly located just 20 minutes north of Mackay Airport.
- Large Saltwater Resort Style Pool, Spa Pool, & Kids Pool.
- Direct access to beach and ocean views.
- Freehold restaurant and bar on title, which is currently lease for $60,000 PA.
- Purpose built function and conference room catering for weddings, conventions, and meetings.
- Reception and office on freehold title, attached to a freehold managers residence.
- 38 Rooms in a letting agreement, make for a profitable and sustainable operation.
- Close to all amenities, airport, and shopping.
Owners are tired, need to retire and wish to sell, there are 3 components, being offered:
Freehold Lot 1 - Managers Residence / Reception and Office - $250,000
Freehold Lot 2 - Restaurant and Bar, and Function Room - $900,000
38 Units in the Letting Pool, with Function Room Income - $445,000
Net Profit: $157,391 (2021/22)
Asking Price: $1,595,000
(inclusive of managers real estate)
More Information
- Total Purchase Price: $1,595,000
- Net Income: $ 157,391
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 10.1
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?