Award winning MR business located in the heart of vibrant Surfers Paradise | Resort Brokers ID : MR007869
$1,420,000
Resort / Holiday Management Rights, SURFERS PARADISE QLD
Welcome to an unparalleled opportunity in the heart of Surfers Paradise! Discover a centrally located Management Rights Business that puts you right in the midst of the vibrant energy this iconic destination has to offer.
Imagine a short stroll to world-class attractions, facilities, and pristine beaches, all while being conveniently connected to public transport with two light rail stations only a short walk away. Nestled within this bustling hub are cozy apartments that not only provide a comfortable stay for guests but also present tremendous potential for business growth.
Join the ranks of an award-winning accommodation business and seize the chance to make your mark in this industry with this thriving paradise business.
- Located in the heart of Surfers Paradise, unbeatable location near tourist attractions, facilities, cafes, restaurants and 150m to beach
- Multi-award winning accommodation business with excellent reputation and guest reviews
- Well run business with excellent reputation and rapport with Body Corporate
- Average holiday occupancy rate of 96% since January 2022
- Low maintenance gardens and easy to operate facilities make it ideal for single person or couple to operate
- Opportunity to grow rental pool with 6 outside Agents and convert to Holiday Letting
- Great business for first time operators or to grow existing portfolio
- Opportunity to earn extra income through repairs, maintenance and renovations
- Inspections by appointment only
Date updated: 28 Apr 2024 23:00:03
More Information
- Total Purchase Price: $1,420,000
- Net Income: $ 195,010
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 640,000
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?