Premier Building in Outstanding Position

$2,090,000

Resort / Holiday management rights, Alexandra Headland QLD

4.5 star resort, 5 star location.
Situated right on top of Alexandra Headland directly opposite Alex Heads Beach this superbly positioned resort features 28 apartments with every one offering panoramic beach and ocean views from large north facing balconies.

Set among lush tropical gardens, this resort offers highly sought-after holiday accommodation within walking distance of renowned beaches and all Sunshine Coast attractions.

Key highlights:
Superior headland location
Solid existing short-term letting pool and high guest return rate
Additional rent roll with two units in adjacent building
Solid body corporate salary with scope for business growth
Historic maintenance history
Perfect building for a start-up or experienced management couple

More Information

Financial Overview

Total Purchase Price: $2,090,000
Net Income: $ 297,752 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 900,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.0
_{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: 16
_{Number of units the manager is authorised to manage.}

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

Lock Ups: 1
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 1
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 28
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 60,397
_{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: 23 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: As per agreements
_{Required Office Hours}

Complex Features: Resort facilities include: large heated, inground swimming pool and a spa. A barbecue and outdoor dining area. A games room and a pool table. Secure underground parking

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 900,000
_{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 centrally located managers unit is spacious and airy and features three comfortable bedrooms with a main ensuite. The apartment features a large private balcony, two courtyards and air-conditioning throughout. There is an exclusive-use garage and separate car park, plus two large additional storage facilities. Office/Reception Zone: Attached to the managers unit, the air-conditioned reception offers a professional welcome and business hub. Additional exclusive-use areas and facilities include two storage facilities.