Iconic central Gold Coast holiday resort - circa $705K net | Resort Brokers ID : MR007949
$5,750,000
Resort / Holiday Management Rights, Gold Coast QLD
ResortBrokers is excited to present an opportunity to acquire the management rights and associated real estate to one of the finest and most iconic high-rises in the Gold Coast tourism mecca that is Broadbeach.
- Luxury high-rise in prime location
- Strong historical performance and excellent forward bookings
- Solid upside; net profit is increasing monthly
- Large Body Corporate Salary
- Caretaking and Letting Agreement well over 20 years
- High-end resort-style facilities throughout
- Luxurious, very spacious manager’s unit - 2 bed + MPR + 1 carpark
- Property inspections are by appointment only
Date updated: 21 Apr 2024 23:00:05
More Information
- Total Purchase Price: $5,750,000
- Net Income: $ 750,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,300,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
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?