Priced to Move On. Ocean Front Burleigh Heads Qld

$2,750,000

Resort / Holiday management rights, Burleigh Heads QLD

Management Rights for sale Burleigh Heads Gold Coast, This Holiday Resort is perfectly located on the Esplanade of Burleigh Heads. This is location is superb for a holiday complex that provides magnificent Ocean Views from all apartments. The apartments are fully self contained and have had ongoing renovations, the complex has fantastic facilities for the guests to enjoy with large lagoon Pool, 2 x Spa, Sauna, Gym, Tennis court. Lift x 2 and under cover secured parking. Public transport is available and close to Patrolled beach, Surf Clubs and restaurants. So much to see and do on the Gold Coast. Great complex for a couple to manage.

More Information

Financial Overview

Total Purchase Price: $2,750,000
Net Income: $ 518,503 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 990,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.4
_{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: 22
_{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: 8
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 62
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 112,000
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 10 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:
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 990,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

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 2 bedroom apartment with Ocean views from inside the unit, perfectly located across the road to a patrolled Burleigh North Beach .