Proudly supported by all of the industry's leading brokers
Beautifully Appointed Holiday Complex: Outstanding Investment Opportunity
$1.41M MR&$880k Unit = Total $2.29M
Management Rights, REDCLIFFE QLD
This short-term holiday complex presents an outstanding investment opportunity with a management agreement in place for 25 years, with 22 years remaining. Situated in the heart of Redcliffe, this prime location offers easy access to all the vibrant restaurants, cafs, and the stunning waterfront, all just a short stroll away. Whether you're in the mood for a leisurely seaside walk or exploring local dining spots, everything you and your guests need is within reach.
The manager's unit offers spacious living with 3 bedrooms, 2 bathrooms, and parking for 2 cars. Theres potential to convert the unit into a dual-key setup, allowing one bedroom to be rented separately for additional income, which is not reflected in the current P&L.
- Nett Profit: $322k
- Business Price: $1.41M @ 4.33x
- Unit Price: $880k
- Total Price: $2.29M
The complex features fantastic guest amenities, including a swimming pool, fitness centre, BBQ area, and secure parking. The low-maintenance gardens create a relaxed, welcoming atmosphere. A conference room with a private courtyard offers great potential for hosting events and functions, providing an additional revenue stream.
With the current owners focused on other ventures, this property is priced for a quick sale. Whether you're looking for a solid investment or an exciting new hospitality project, this complex offers exceptional value and opportunity.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $1.41M MR&$880k Unit = Total $2.29M
- Net Income: $ 0
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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