OUTSTANDING SHORT-STAY OPPORTUNITY - HUGE $495K+ NET PROFIT AT 3.6X MULTIPLIER | Resort Brokers ID : MR008042
$2,612,000
Resort / Holiday Management Rights, Redcliffe QLD
Perfectly located in Redcliffes growth corridor and only 5 minutes drive to the Dolphins home ground Kayo Stadium, this attractive, short-let management rights business is primed for success.
Supported by strong occupancy from short-stay holidaymakers and sports travellers and at an extremely attractive 3.6x multiplieron a nearly $500K net, this business represents a fantastic return on investment.
The complex is the preferred accommodation for several sporting groups/teams whose return bookings provide a solid, reliable foundation to the letting business.
The 3-bed 2-bath managers penthouse is being offered at $50,000 below its registered valuation by CBRE, which makes the real estate component of this management rights package hugely attractive.
Whats more, the penthouse is income-generating as part of the letting pool and attracts a solid rent of approximately $39,000 p.a.
This easily manageable business is underpinned by 22-year caretaking and letting agreements backed by a supportive body corporate committee.
The combination of a 3.6x multiplier, solid net profit of nearly $500K and a stable occupancy base of returning guests in a high-growth area make this a fantastic opportunity notto be missed.
Opportunity waits for no one call Jeff today!
- Ideal Redcliffe position near Kayo Stadium
- Solid short-let business with strong occupancy and stable income
- Consistent month-on-month growth, boasting a strong ROI
- 3.6x multiplier is outstanding for this business
- Long caretaking and letting agreements with 22 years remaining
- Luxury 3-bed, 2-bath manager’s penthouse in letting pool, generating a solid income of circa $39K and offered at $20K below registered valuation
- On title ground floor office
- Opportunity to grow the conference room income
- Supportive body corporate committee
- No set office hours& flexible living arrangements
- Property inspections are by appointment only
Date updated: 22 Apr 2024 23:00:02
More Information
- Total Purchase Price: $2,612,000
- Net Income: $ 495,333
(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?