An exceptional Tropical north QLD property&an impressive MR business | Resort Brokers ID : MR007857
$1,695,000
Resort / Holiday Management Rights, Port Douglas QLD
Don't miss your chance to invest in the thriving Lazy Lizard Motor Inn. With its comfortable accommodation, prime location, and proven revenue streams, this opportunity promises success. The inn's established reputation and diverse amenities ensure a steady flow of guests year-round. Seize this golden opportunity to enter the lucrative hospitality industry or expand your portfolio.
With the Lazy Lizard Motor Inn, you'll enjoy both immediate returns and long-term growth. Don't wait enquire today and secure your place in the Port Douglas market.
- Exceptionally strong turnover and net profit
- Multiple tourism award winning property
- Zoned short term only - No owner occupiers
- Old commercial kitchen on title - can be transformed into 3rd bedroom
- Excellent repeat business and corporate partnerships
- Minimal gardening and cleaning required
- Inspections by appointment only
Date updated: 21 Apr 2024 23:00:04
More Information
- Total Purchase Price: $1,695,000
- Net Income: $ 300,235
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 440,000
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?