SURFERS PARADISE GOLD
$900,000
Resort / Holiday Management Rights, SURFERS PARADISE QLD
Nestled in the heart of the ever-vibrant Surfers Paradise, Gold Coast and just a five-minute stroll from the bustling city centre, this haven of tranquillity offers the perfect blend of urban convenience and serene living.
Residents and guests enjoy the use of on-site pool and BBQ recreation area. All apartments are easily maintained, one-bedroom, one-bathroom configurations, and have an allocated one-car space to secure basement car parking.
Building has been well maintained, and current managers have comprehensive management systems in place that contribute to the seamless operation of the caretaking and letting business.
This holiday resort presents a lucrative opportunity for those seeking to invest in management rights. With 21 years remaining on the management tenure, the supportive Body Corporate and apartment owners foster a friendly and cooperative community. Manager's Salary sits at $30,474 (ex-GST) with yearly CPI increases.
With eight apartments currently under management, there is an opportunity to increase the onsite Letting Pool and grow your already attractive return on investment, net profits of which have been assessed by a respected industry accountant at $156,485.
Furthermore, the manager's residence, offered for sale at an affordable $450,000, is presently tenanted, provides additional income should you elect not to reside on-site.
This business has so much to offer. Please contact me for further information.
More Information
- Total Purchase Price: $900,000
- Net Income: $ 156,485
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 450,000
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?