Port Douglas beauty with large Net profit and only short-term stays permitted | Resort Brokers ID : MR007573
$2,150,000
Resort / Holiday Management Rights, Port Douglas QLD
This is a Management Rights business you should definitely consider. The property is zoned for short-term only, meaning there are no owner-occupiers and with a large Net profit of circa $400,000 and a healthy Body Corporate salary of more than $97,000 this property is a very appealing option.
The privacy of the resort facilities makes this property very popular with return guests year after year. A very spacious two-bedroom, two-bathroom residence with a large, private outdoor area complements this great business. Located in a prime position, only a short two-minute stroll to the main fare of Macrossan Street is another compelling reason to make this property a must to inspect.
- Large Net profit of $399,504
- Opportunity for further growth
- Only a two-minute walk to Macrossan Street
- Good size Body Corporate salary of $97,841+ GST
- Zoned holiday/short-term only with no owner occupiers
- Great manager’s residence with a large outdoor area
- Property inspections are by appointment only
Date updated: 21 Apr 2024 23:00:04
More Information
- Total Purchase Price: $2,150,000
- Net Income: $ 399,504
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 510,000
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?