MORETON BAY STUNNER! BEACHFRONT MR WITH STRONG BC SALARY | Resort Brokers ID : MR008021
$1,561,084
Resort / Holiday Management Rights, Scarborough QLD
Primely situated adjacent to Scarborough Beach, this property offers a well-established management rights consisting of 75 apartments in total with 33 in the letting pool.
Offering a mix of studio, one-, two- and three-bedroom fully self-contained apartments, this business is highly sought after and enjoys a steady income of permanent, short-stay, and corporate clientele.
The managers have recently been granted a 5-year top-up, extending the agreements until December 2045. With a strong Body Corporate salary of $131,790 and 22 years remaining on the agreements, this opportunity offers long-term security for the new manager.
Manager's residence is being offered at $650,000 ($85k under valuation) representing incredible buying.
Dont miss out on the rare opportunity to enjoy an attractive income whilst owning a piece of prime real estate in the highly-sought after Scarborough Beach.
Located in a prime waterfront location
Generous Body Corporate salary of $131,790
No office hours provide flexibility
Perfect blend of permanent short stay and corporate clientele
Long term security with 22 years remaining on the agreements
Spacious 4-bedroom, 2 bathroom manager's residence with attached office
Resort facilities include rooftop barbecue area, swimming pool, sauna and spa
Conveniently located near restaurant, cafes andshopping outlets
Inspections are by appointment only
Date updated: 21 Apr 2024 23:00:06
More Information
- Total Purchase Price: $1,561,084
- Net Income: $ 283,827
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
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?