MANAGEMENT RIGHTS OPPORTUNITY GOLD COAST - PREMIUM WATERFRONT PROPERTY

$2,900,000

Resort / Holiday management rights, Biggera Waters QLD

This is a premium management rights opportunity located on the stunning Broadwater of the Central Gold Coast. With uninterrupted views of the Broadwater and easy walking distance to parks and local shops, this is a popular destination for many holiday makers.

The property boasts a multitude of resort style amenities and is currently being managed by only one person. The business offers a generous Body Corporate Salary of $202,500 to support an outstanding net profit of approximately $500,000.

With no set office hours and strong management systems in place, this is a rare opportunity in a stunning location!

- Comfortable 2 bedroom managers residence
- Resort style amenities
- Uninterrupted views of the Broadwater
- Supportive Body Corporate
- High Net Profit supported by Strong B/C Salary
- Easy walking distance to parks and restaurants

This is an opportunity not to be missed. Call now to book an inspection.

More Information

Financial Overview

Total Purchase Price: $2,900,000
Net Income: $ 500,000 (projected)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 750,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.3
_{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: 29
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 31
_{Number of units resided in by their owners.}

Lock Ups: 3
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 2
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 65
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 202,849
_{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: 19 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 33 years
_{How long has the management rights existed.}

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

Complex Features: Outdoor Pool + Spa, Rooftop Pool + Spa, Sauna, Gym, BBQ Area, Games Room, Billiard Room, Restaurant, full tennis court and Underground Secure Parking.