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MANAGEMENT RIGHTS&LOT 31 AT 'BAY VILLAGE ON HASTINGS' | Resort Brokers ID : MRB007155

Expressions Of Interest

Permanent Management Rights, Noosa Heads QLD

RECEIVERS&MANAGERS APPOINTED

ResortBrokers, under instructions from the Receivers and Managers, have been appointed as exclusive agents to market the management rights for 'Bay Village on Hastings' and Lot 31 of 'Bay Village on Hastings', located at 18 Hastings Street, Noosa Heads, QLD 4567.

  • Situated on Hastings Street
  • Comprises 33 commercial lots spread over two levels
  • Caretaker role with duties as set out in the Management Agreement
  • All security, cleaning, car park surveillance, amongst other duties, are contracted out and paid for by the Body Corporate
  • Includes Freehold to Lot 31 (38sqm* office space), split into two areas, Lot 31a& 31b
  • Additional income is derived from rental of storage areas, office (Lot 31a) and lightbox signage, and coin operated rides
  • Estimated Net Profit of $198,884* p.a.
  • Approximately 13.5 years* remain on Agreements
  • For further information contact the listing agents
  • For Sale by Expressions of Interest closing Friday 22nd April, 2022 at 5pm AEST
  • Inspections are by appointment only

*approximately

Date updated: 03 Jul 2022 23:00:08

More Information

Financial Overview

  • Total Purchase Price: Expressions Of Interest
  • Net Income: $ 198,884 (actual)
    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.

Letting Business

  • Letting Pool: TBC
    Number of units the manager is authorised to manage.
  • Owner Occupiers: 0
    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: 0
    Number of units being rented by other agents (these could potentially be acquired by the manager).
  • Units In Complex: 33
    The total number of units within the complex.
  • Caretaking

  • Remuneration: $ 175,000
    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: 13 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: 2 hrs p/day Mon-Fri, 2 hrs per day saturday
    Required Office Hours
  • Complex Features: Parking Onsite
  • Real Estate Component

  • Manager's Unit:   0 0
  • Included Real Estate: $ 0
    The value of on-title property included with the business. Its price is included in the Total Purchase Price.
  • Manager's Car Spaces: 0
  • Office On Title: 1
    Is there a manager's office included on the title?
  • Pets: no
    Can the manager own a pet on site?
  • Unit Features: There is a small office at the rear of the centre that the caretaker utilises and these expenses are also Body Corporate. responsibilitiesA second office (Lot 31) is located on the first floor and occupies 38sqm. It is a real estate component and is separate to the aforementioned office. This office is leased by a tenant in the centre and returns approx $12,000.
  • Listing Agent Contact Details

    %2Fusers%2Flogo_754806%2F1.jpg Click here to view full profile for: Resort Brokers

    Portrait

    Glenn Millar

    Office : 1300 665 ...
    Mobile : 0412 277 ...

    Resort Brokers

    http://www.resortbrokers.com.au


    Send an Email:

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    • Property ID: 21091520
    • Broker's Ref: MRB007155
    • =754806
    • Last Update: 3 months ago.
    • Listing Type: Permanent
    • Price: Expressions Of Interest
    • Noosa Heads, QLD

    Agent Details

    %2Fusers%2Flogo_754806%2F1.jpg Click here to view full profile for: Resort Brokers

    Portrait

    Glenn Millar

    Office : 1300 665 ...
    Mobile : 0412 277 ...

    Resort Brokers

    http://www.resortbrokers.com.au


    Send an Email:


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