A RARE OPPORTUNITY TO ACQUIRE ONE OF CAIRNSâ MOST DESIRABLE MANAGEMENT RIGHTS | Resort Brokers ID : MR008103
$4,195,000
Resort / Holiday Management Rights, Palm Cove QLD
ResortBrokers are proud to exclusively bring to the market one of Far North Queenslands premier Management Rights businesses, nestled on the northern beaches of Cairns.
The property is the epitome of beauty in presentation and quality in design.
The well-appointed and spacious managers residence contains 3 bedrooms, 2 bathrooms and a sunroom and has access to a large outdoorgrassed area to the rear.
- The complex comprises a mix of fully self-contained one and two bedroom apartments and also a large amount of dual key apartments allowing it to cater to a wide market. All are individually furnished to exceptionally high standards, providing luxury accommodation.- Property is zoned short term only.
- Business is currently being run under management.
- Long agreements in place.
- 5 minutes walk to Cairns’ premier beach.
- Large net profit (actual) of $743,452
- Inspections by appointment only.
Date updated: 12 May 2024 23:00:06
More Information
- Total Purchase Price: $4,195,000
- Net Income: $ 743,452
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 850,000
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?