All Apartments Overlooking Iconic Surfers Paradise - Traditional Heart of the Gold Coast
Offers Over $1,150,000
Resort / Holiday management rights, Surfers Paradise QLD
One person holiday resort business, great for a couple. Buyer's range, first time to transition to retirement. The business secured by 35% Body Corporate Salary as mandated in Caretaking Agreement.
MLR Tourist Accommodation Marketing Attributes:
. All units with beach views
. 50m walk to the sand
. Light Rail access
. Easy 1.2km walk/cycle to Surfers entertainment precinct
. Only 2km walk/cycle to The Oasis precinct
. Stroll the fore-dune Boardwalk overlooking the Pacific Ocean
. Guests enjoy the 300m walk and Free Holiday Northcliffe Surf Club membership
. 300m to 750 m for tourist provisions/supplies and convenience store, takeaway/recreational dining.
TOTAL NUMBER OF UNITS : 20
UNITS IN LETTING POOL : 12
NET PROFIT : $136,332
MANAGER'S RESIDENCE : Renovated 2 bed, 2 bath, 1 car.
REAL ESTATE PRICE : $610,000
TOTAL ASKING PRICE - OFFERS OVER : $1,150,000
More Information
- Total Purchase Price: Offers Over $1,150,000
- Net Income: $ 136,332
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 610,000
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?