Mixed Letting - Palm Cove - ID 8325
$1,350,000
Resort / Holiday management rights, Palm Cove QLD
North Queensland Management Rights For Sale
400 meters from Palm Cove Beach, with Excellent BC Salary
- Guaranteed BC Salary of $63,780 plus GST, annual net profit of $252,637
- 11 units in holiday letting pool, happy owners all on board
- Well maintained gardens and pool, most units have own pool
- Expansive 3-bedroom managers double story villa residence
- Large office, reception, and tour desk on title
- Supportive committee and owners
- Resort style pool and BBQ area, with wi-fi and cable TV
- Extensively refurbished recently, and ready to reap the rewards of letting
- 500m from all shopping, medical services and 45 minute drive to International Airport
- Further 5-year top up to 2044
Ideal for an active couple wishing to escape the cold southern states and looking to either maintain the letting pool or possibly take the property into its next phase of development, by tacking another adjoining property to the letting pool.
The nearby Palm Cove beachfront location is perfect, the residence expansive and comfortable, the complex is compact, and the lifestyle is a relaxed resort feel.
You cannot go wrong with this management rights, located 500m from Australia's world-famous Palm Cove Esplanade.
Net Profit: $252,637
Asking Price: $1,350,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $1,350,000
- Net Income: $ 252,637
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 550,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.2
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?