Luxury Gated Permanent

$2,010,000

Permanent management rights, Pelican Waters QLD

Resort Management Sales are pleased to exclusively present the management rights business opportunity for the prestigious Vardon Point gated community in the highly sought-after heart of the Sunshine Coast. With breathtaking views of the heritage-listed Glasshouse Mountains and the Greg Norman designed Pelican Waters Golf Course, Vardon Point offers a variety of stylish accommodation options including 35 spacious villas and 70 fully fit-out apartments. Vardon Point offers a tranquil and relaxing hideaway surrounded by one of the top golf courses in Queensland. On-site facilities include the full-size floodlit tennis court, leisure and heated lap pools, multiple BBQ areas, plenty of visitor parking, and above all the peace of mind of being in a secure environment. Vardon Point is also pet friendly.

More Information

Financial Overview

Total Purchase Price: $2,010,000
Net Income: $ 205,466 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 880,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 5.5
_{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: 6
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 92
_{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: 6
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 105
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 205,029
_{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: 20 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 19 years
_{How long has the management rights existed.}

Office Hours: None set
_{Required Office Hours}

Complex Features: Vardon Point is a sprawling luxury complex that offers residents and guests a unique choice of quality accommodation. The world class facilities of Vardon Point set a totally new standard in resort style accommodation. Light, space, design and elegance blend together in each of Vardon Pointâs luxury properties. With a range of two-, three- or four bedroom apartments they are ideal for families. Vardon Point offers a tranquil and relaxing hideaway surrounded by one of the top golf courses in Queensland. On-site facilities include the full-size floodlit tennis court, leisure and heated lap pools, multiple BBQ areas, plenty of visitor parking, and above all the peace of mind of being in a secure environment. Vardon Point is also pet friendly.

Real Estate Component

Manager's Unit: 4 2

Included Real Estate: $ 880,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: The managerâs unit is unusually spacious and airy, featuring four comfortable bedrooms plus an office and two well-designed bathrooms. The unit has air-conditioning throughout and a large, private courtyard for alfresco dining, and double lock-up garage. The large office features an outstanding fit out that offers a professional welcome and business hub for the property. Additional exclusive-use areas and facilities include large storage facilities.