UPDATE: PRICE REDUCED - SALE IS NOW URGENT DUE TO ONGOING HEALTH MATTERS
$1,595,000
Resort / Holiday management rights, Maroochydore QLD
Golden riverfront opportunity not to be missed!
Dream riverfront location with larger than usual managers unit.
This stunning building with its own private jetty offers the true lifestyle business often boasted about in the M.R sector.
Set on the banks of the Maroochy River, this upscale resort is 10 minutes walk from Cotton Tree Beach which features BBQ facilities and a children's playground, and with the Sunshine Plaza on the doorstep, it offers ideal proximity to everything the Sunshine Coast is famous for.
At just 52% avg occupancy there is plenty of upside still available for the savvy operator.
This rare business opportunity is one to take advantage of whether you're a newcomer to the management rights industry or an experienced operator looking for an established and easy to manage business.
Key Highlights:
- Low multiple
- No requirement to reside onsite
- Great BC Salary
- Huge managers residence suitable for a family
- No requirement to reside onsite
- Direct riverfront location
- Opportunity to grow business
- Plenty of storage
- Easy to run
More Information
- Total Purchase Price: $1,595,000
- Net Income: $ 175,483
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,200,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.3
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?