Mermaid Beach Lifestyle
$1,170,000
Resort / Holiday management rights, Mermaid Beach QLD
If you are a single operator or a couple or looking for your first Management Rights complex, then this Mermaid Beach complex is a little gem!
This extremely low maintenance building has minimal workload as there is only a strip of grass out the front of the complex to mow and easy to maintain gardens. Facilities include Pool and Spa, Sauna and BBQ area. There are eight one bedroom self-contained holiday units as part of the holiday letting pool.
This Mermaid Beach Management Rights complex is located next door to a lovely park and just 170 metres to the beach. Close proximity to the main dining and nightlife precinct of Broadbeach. Situated just a short stroll to Pacific Fair Shopping Centre, the G: Link Tram, Draculas and The Star Casino.
The current managers have an excellent relationship with the Body Corporate and there is a healthy sinking fund in place.
The managers unit consists of a two bedroom plus two bathroom, 2 car parks with huge courtyard plus adjoining office.
More Information
- Total Purchase Price: $1,170,000
- Net Income: $ 127,493
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
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?