Thrilling Opportunity Permanent Management Rights in Mudjimba

$1,066,500 MR + Unit $632,500K = $1,699M

Permanent Management Rights, MUDJIMBA QLD

Are you searching for a lucrative opportunity that seamlessly blends a rewarding career with an enviable lifestyle? Your search ends here! This exceptional resort is tailor-made for individuals looking to secure a substantial Body Corporate salary while soaking in the charm of coastal living.

Nestled within a beautifully designed and meticulously maintained resort, complete with security gates at the entrance, this complex is truly a hidden gem. It features outstanding facilities that cater to the diverse needs of all residents and guests, ensuring a delightful experience throughout their stay. Just a short drive away, youll discover the irresistible allure of a patrolled surf beach, inviting you to enjoy fun-filled days under the sun, beach activities, and relaxing strolls along the shore.

This opportunity presents not only a fantastic financial aspect but also incredible flexibility for managers. With brand new agreements in place, there is no requirement to live onsite, allowing you to maintain your personal lifestyle while effectively managing the resort. Plus, the manager's unit is currently rented for $550 per week, providing immediate income and financial stability as you embark on this exciting journey. Fantastic ROI 14%.

Imagine being surrounded by the beauty of Mudjimba every day while building a thriving business in an environment that is both rewarding and picturesque. Dont let this chance slip away! Embrace the vibrant lifestyle and the tremendous potential that comes with managing this incredible resort, and take the first step toward a fulfilling career that many dream of. Dive in now and make your mark in this outstanding opportunity!

**Ras360 Specialists in Motels | Hotels | Pubs | Parks | Management Rights **

More Information

Financial Overview

Total Purchase Price: $1,066,500 MR + Unit $632,500K = $1,699M
Net Income: $ 237,095 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 632,500
_{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.}

Letting Business

Letting Pool: 26
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 82
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 15
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 123
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 202,166
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 24 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Contactable by phone
_{Required Office Hours}

Complex Features: Expansive resort-style pool complete with a stunning waterfall feature, two full-size tennis courts, an enclosed children's playground, a golf putting green, a shaded BBQ area, and air conditioning units throughout.0