MASSIVE 38% RETURN ON BUSINESS - ID 7843
$995,000
Resort / Holiday management rights, Main Beach QLD
Magnificent Main Beach Management Rights For Sale
Presenting a splendid opportunity to acquire management rights in the prestigious Main Beach area, this meticulously maintained multi-storey building offers a range of enticing features.
- A well-presented, multi-storey building showcasing sophistication and timeless appeal.
- Boasting 45 units, with 8 currently in the letting poolall thoughtfully designed as 2-bedroom, 2-bathroom residences.
- Positioned just a mere 50 meters from the beach, residents enjoy easy access to the sun and surf.
- Nestled close to the vibrant Tedder Avenue, replete with cafes and restaurants, offering a vibrant lifestyle.
- Residents revel in the amenities provided, including a tennis court, pool, spa, sauna, gym, and BBQ area, ensuring a premium living experience.
- A low-maintenance garden contributes to the overall ease of property management.
- The property includes an office on title, equipped with REI Master software, streamlining administrative tasks.
- Basement car parking ensures residents' convenience and safety.
- Contract cleaners are already in place, ensuring the property's pristine condition.
- Equipped with CCTV, Foxtel, and Wi-Fi, ensuring modern connectivity and security.
This impeccably managed building is ideally suited for newcomers to the management rights industry. The 2-bedroom manager's residence offers comfort and privacy, featuring a private courtyard, dedicated car space, and ample storage.
Price Reduced for a Swift Transaction.
Net Profit: $124,000
Asking Price: $995,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $995,000
- Net Income: $ 124,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 620,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.0
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?