Mooloolaba's 3x Multiplier Business Gem | Resort Brokers ID : MR008106
$1,400,798
Resort / Holiday Management Rights, Mooloolaba QLD
Situated in the heart of Mooloolaba, this investment promises business stability, a desirable lifestyle, and promising growth potential. The recently upgraded three-bedroom manager's residence elevates its charm, offering an appealing living space. Positioned strategically near amenities and entertainment spots, this opportunity stands as a compelling opportunity in a sought-after coastal locale. With a notable 3x multiplier and impressive ROI, this presents an ideal business prospect for a buyer aiming to seize opportunities in the thriving Sunshine Coast market.
- The manager's residence recently renovated featuring three bedrooms
- Prime location near Mooloolaba Wharf, a hub for dining and entertainment
- Efficient resort management with no set office hours and consolidated management fees
- Long-term investment potential with a robust 23-year tenure
- Fully self-contained apartments with high occupancy rates and competitive tariffs throughout the year
- 12 units in the letting pool, including 11-holiday lets and one permanent
- Strong investment return with a ROI of over 14%
- Inspections are by appointment only
Date updated: 21 Apr 2024 23:00:07
More Information
- Total Purchase Price: $1,400,798
- Net Income: $ 200,266
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 800,000
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?