BEAUTIFUL BEACHFRONT MANAGEMENT RIGHTS BUSINESS - RARE 3 BEDROOM MANAGERS

$2,961,237

Resort / Holiday management rights, Burleigh Heads QLD

We are offering for sale the management rights and associated real estate of Cashelmara Holiday Apartments located in the beautiful Gold Coast beachside suburb of Burleigh Heads.

The Holiday Apartments are perfectly positioned opposite the famous Burleigh beach, one of the most popular tourist spots on the Gold Coast. Right on the esplanade, only a short walking distance to cafes, restaurants and shops, this complex has everything for the holidaymaker.

Being in such a fantastic location and with excellent facilities, the complex attracts repeat business year after year. The current managers have done a fantastic job with efficient systems in place which ensures a smooth transition for new owners.

The managers residence is a very large 3-bedroom, 2-bathroom apartment with ocean views - hard to find in a complex like this one. There is no requirement to live onsite offering potential to generate extra income. The building presents beautifully with a number of major works underway and some recently completed.

- Beautiful beachfront location
- Excellent facilities
- Rare 3-bedroom managers' apartment
- High net profit
- No requirement to live onsite
- Extra income potential

Call now to book an inspection.

More Information

Financial Overview

Total Purchase Price: $2,961,237
Net Income: $ 309,372 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,600,000
_{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: 16
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 15
_{Number of units resided in by their owners.}

Lock Ups: 17
_{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: 50
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 108,491
_{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: 43 years
_{How long has the management rights existed.}

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

Complex Features: Swimming Pool, Spa, Sauna Tennis Court, Half-Court Basketball, Entertaining / BBQ Area

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,600,000
_{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: Large 3-bedroom, 2-bathroom apartment with ocean views, air-conditioning throughout.