Exceptional High Nett Resort on Bribie Island Beachfront
$3,345,000
Resort / Holiday management rights, Woorim QLD
RMS is proud to market this magnificent 4.5 star resort. Bribie Island is located between Brisbane and the Sunshine Coast and is one of the most spectacular locations in South East Queensland. Being under an hours drive from Brisbanes International and Domestic airport and one of Queenslands only islands connected to the mainland by bridge it is perfectly positioned for all tourists including the drive market from Brisbane, the Darling Downs and surrounding areas. With its pristine beaches and island lifestyle this is one opportunity not to be missed.
On The Beach Resort is conveniently situated next to the only lifesaver patrolled beach on the island and with a number of excellent cafes, surf club, boutique outlets and IGA supermarket all within 100m makes it the perfect holiday destination for couples and families of all ages. The resort offers spectacular views towards Moreton Island and guests love the relaxed atmosphere of the resort and watching the pod of resident dolphins in the waters below.
The Managers apartment has 4 bedrooms and has been fully renovated in the last 12 months. This is the only 4 bedroom apartment in the complex and is set over two levels with two bathrooms and magnificent master bedroom measuring over 23sqm. With 23 year agreements this business ticks all the boxes for the incoming purchaser to enjoy an enviable lifestyle and beautiful location for many years to come.
Key Highlights
Ocean Front Location
Long Agreements
Proximity to all amenities
Solid letting pool and high guest return rate
Generous body corporate salary
Large modern reception and storage facility (on title)
Perfect building for beginner or experienced management couple
The manager is permitted to have pets
More Information
- Total Purchase Price: $3,345,000
- Net Income: $ 505,093
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 945,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.8
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?