Quality Holiday Accommodation In Mission Beach
$720,000
Resort / Holiday management rights, Wongaling Beach QLD
This holiday resort offers high standard apartment accommodation at Wongaling Beach within the Mission Beach region on the Cassowary Coast. With 13 apartments, all dual key within the letting pool, the business is arguably the best rights option on the road between Townsville and Cairns.
Situated within 100m easy stroll to the beachfront, the property has landscaped low maintenance grounds with a resort pool and BBQ cabana for guests and a separate spa. There are ample parking areas for guest vehicles including boat trailers.
The resort is now well established and the current owners have introduced a number of improvements in the way the business is managed and marketed. They have a good relationship with owners and the Body Corporate therefore this business offers a terrific platform going forward, particularly for new entrants to the industry.
The managers residence offers spacious two bedroom living and direct access to the office and guest reception which are on title.
More Information
- Total Purchase Price: $720,000
- Net Income: $ 187,814
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 300,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.2
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?