Exclusive - LOCATION LOCATION LOCATION - ID 8036
$3,900,000
Resort / Holiday management rights, Kingscliff NSW
Holiday Management Rights For Sale
Accommodation Business opposite the Beach
This is an amazing offering for anyone looking for a beachside lifestyle:
- Kingscliff is a major tourism hub only 15 mins from Coolangatta International Airport
- Nestled amongst cafes, restaurants and boutique shopping opposite the beach
- 30 apartments in the rental pool
- Salary of approx. $120 000
- Low-rise building with lift to all floors incl basement carparking
- Heated pool and spa in central courtyard
- 2 bed managers apartment with attached office and reception on title
- Adjoining commercial lot on title approx. 100m2 (leased)
- No set hours in the agreements
- 10 year NSW caretaking agreement with longer term letting agreement
Kingscliff has become a hotspot for tourists wanting a laid -back beach style holiday but with all the style and flair of a boutique location. The Tweed Coast and Valley offers so much for a couple OR family on a break. From rolling surf breaks, whale watching or turtle diving, to boutique shopping, breweries and distilleries. Beautiful country drives showcasing high end restaurants or laid back country pub hospitality. The choice is yours how much you want to pack into life.
Who wouldnt want to own a popular business in natures wonderland!
Net Profit: $70
Asking Price: $3,900,000
More Information
- Total Purchase Price: $3,900,000
- Net Income: $ 704,960
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,000,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.1
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?