RELAXED HOLIDAY BUSINESS
$1,368,000
Resort / Holiday Management Rights, SURFERS PARADISE QLD
A lovely 3 storey walk-up Surfers Paradise building located in an especially peaceful part of paradise. This holiday business is very attractive to local travellers and business people "in the know" as it is away from the "hustle and bustle" of the entertainment precinct but still close enough to walk to the beach, Star Casino, Pacific Fair Shopping Centre, Cavill Avenue, the Gold Coast Convention Centre and Glink tram station.
The managers unit (size 130m2) has 2 bedrooms, 2 bathrooms with renovated ensuite, 2 car parks, a good-sized office attached and a private backyard.
Management Rights Agreements have been topped up with over 20 years remaining. A rewarding Body Corporate salary of approx $74,000, increasing by CPI each year, awaits you.
Should you desire, there is also scope for a motivated manager to double the size of the current letting pool.
Does this quiet, but central Surfers Paradise Management Rights business appeal to you? Then you are more than welcome to arrange an inspection with me.
More Information
- Total Purchase Price: $1,368,000
- Net Income: $ 196,844
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 568,000
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?