Premier Waterfront Business with Fabulous Views
$1,889,000
Resort / Holiday management rights, Labrador QLD
Located on the sought-after Golden Mile and with fabulous Broadwater and skyline views is this well presented holiday highrise building.
Conveniently situated just a few minutes walk to a range of restaurants, cafes, swimming lagoon and playground. Major shopping at Harbour Town and Australia Fair is only a 10-minute drive away.
Guests can choose from either spacious 2 bedroom units or 3 bedroom penthouse apartments all with wonderful views.
Excellent 2 bedroom, 2 bathroom manager's residence with the rare benefit of living areas and balcony overlooking the Broadwater.
Very manageable common area workload coupled with easycare grounds to maintain.
This is a thriving business that is performing extremely well with a high number of repeat guests and minimal vacancies. In fact, the income is higher than when the sellers purchased.
Sellers are now ready to retire after 6 years, and this creates an opportunity for the new purchaser to acquire a very stable business with an impressive managers unit combined with lifestyle living in a waterfront location.
Property ID 942
More Information
- Total Purchase Price: $1,889,000
- Net Income: $ 235,252
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 890,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.2
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?