NO SET OFFICE HOURS AND $199,000 NET PROFIT - ID 8115

$1,495,000

Resort / Holiday management rights, Alexandra Headland QLD

Sunshine Coast Management Rights For Sale
Established and easy to run business in prime location

- Holiday management rights
- Perfectly positioned across from the beach in Alexandra Headland
- 26 fully self contained apartments with 12 in the letting pool
- Combination of studio, 2 & 3 bedroom apartments, all with ocean views
- Newly refurbished heated swimming pool in 2020
- Games room, BBQ, Spa, Wi-Fi and underground parking
- No set office hours
- Easy care property with minimal gardens
- 21 years remaining on agreement
- 2 bedroom, 2 bathroom managers residence
- Plenty of storage for the manager
- Repainting has been planned to be carried out in the coming few years

This complex is easily run by a couple and would also be suitable for first time buyers, those wanting to downsize or the perfect opportunity to add on to your existing portfolio.

Well positioned to take advantage of the rapidly expanding region and inbound tourism market, this business is one to take advantage of if you are looking for an established and easy to maintain Management Rights business.

Net Profit: $199,875
Asking Price: $1,495,000
(Inclusive of managers real estate)

More Information

Financial Overview

Total Purchase Price: $1,495,000
Net Income: $ 199,875 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 650,000
_{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: 12
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 9
_{Number of units resided in by their owners.}

Lock Ups: 2
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 26
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 75,943
_{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: 21 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 21 years
_{How long has the management rights existed.}

Office Hours: No set office hours
_{Required Office Hours}

Complex Features: Heated swimming pool, Spa, BBQ, Games room, Secure underground parking, Wi-Fi

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 650,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 4

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: Spacious residence, 2 bedrooms, 2 bathrooms, Newly renovated kitchen, High ceilings, Plenty of storage, Gorgeous patio, Pet friendly, 4 allocated car spaces