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608

Management Rights
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SOLD!
  • management rights Sunshine Coast
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Retiring Couple are Clear - Sell Now!

REFER TO AGENT

Resort / Holiday management rights, Golden Beach QLD

Business was recently listed for $400,000 AND it can now be yours for $250,000 - ACT QUICKLY!

Body Corporate have approved, via an overwhelming majority, the separation of Caretaking and Letting Agreements from the Unit to assist the Managers, of over 15 years, to commence their well earned retirement.

If you need or want a home to live in ACT Now!

The 3 bedroom 2 bath room and 1 car Managers unit will shortly be placed on the market for over $1 million. (unit photos in this listing are those of the Ex - Managers unit)

NOW IS THE TIME TO MAKE YOUR OFFER - secure both the business and the unit - all written offers will be considered.

FACTS
Body Corporate Salary of $59,044 plus GST (Increased by CPI each December)
No Office or Office Hours
Rentals as detailed below
Sold as a "walk in walk out" going concern
Ensure you have a Full Real Estate Licence to cover some external Rentals and to Sell Apartments for additional income
29 Units in the Sails Complex plus 4 external rentals
Adjusted Net Profit expected to be a minimum of $140,000
Potential that the 3 bedroom Managers unit could come into the rental pool


Sails Resort Golden Beach is a much loved holiday destination on the southern end of the Sunshine Coast with a high degree of repeat guests. The 3 lifts make it the perfect lifestyle for all guests and easy for the Management Rights Operators to manage. The property is suitable for people new to the industry and very attractive for an existing operator looking at expanding their current business without the need to buy another unit..

Ideally located providing owners and guests the ability to walk to all major local shopping centres and experience everything there is to love about Golden Beach, Caloundra and Kings Beach, all accessible from the adjacent Coastal Pathway.

The new owner will require a Full Real Estate Licence as the business includes a number of external rental managements. By having your Full Real Estate Licence you can then also be involved in the sale of units, something the existing manager has done, a good way to assist your owners and secure an additional financial benefit as a result of your relationship building over the years.

Occupation Authorities are held providing the Managers with ample storage to run the business.

Being Sold on the Basis of the following units

8 Holiday Lettings (6 in Sails Complex 2 close by) plus
5 Permanent Rentals (3 in Sails Complex 2 close by)

Caretaking and Letting Agreements are current until 2 November 2040


For further information and to arrange your private inspection please contact the Listing Agent

More Information

Financial Overview

  • Total Purchase Price: REFER TO AGENT
  • Net Income: $ 140,000 (projected)
    This is the combined total income acheived by the business after expenses, before tax.
  • Included Real Estate: $ 0
    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: 13
    Number of units the manager is authorised to manage.
  • Owner Occupiers: 0
    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: 0
    Number of units being rented by other agents (these could potentially be acquired by the manager).
  • Units In Complex: TBC
    The total number of units within the complex.
  • Caretaking

  • Remuneration: $ 59,044
    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: 16 years
    How long remains on the caretaking contract before it must be renewed?
  • Agreement Age: 29 years
    How long has the management rights existed.
  • Office Hours: None
    Required Office Hours
  • Complex Features: Overlooks Beach Walkway with views across Pumicestone Passage across to Bribie Island and beyond to the Shipping Channel, Swimming Pool, BBQ
  • Real Estate Component

  • Manager's Unit:   3 2
  • Included Real Estate: $ 0
    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: No Need to Buy - Separated from Agreements in July 2024 - All offers consideredLevel 1, 3 bedrooms, air-conditioning, Balcony with Ocean Views, office on title, car park on title, Body Corporate Levies Estimated at \\\\\$7864 on a 12 month basis with pay on time discount applied, Council Rates estimated at \\\\\$2969 on a yearly basis
  • Listing Agent Contact Details

    %2Fusers%2Flogo_7567223%2F1.jpg Click here to view full profile for: Local Agent

    Portrait

    Chris Hinkly

    Office : 07 5491 3...
    Mobile : 0411 023 ...

    Local Agent

    localagent.net.au


    Send an Email:

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    • Property ID: 21120641
    • Broker's Ref:
    • =7567223
    • Last Update: 1 month ago.
    • Listing Type: Resort / Holiday
    • Price: REFER TO AGENT
    • Golden Beach, QLD

    Agent Details

    %2Fusers%2Flogo_7567223%2F1.jpg Click here to view full profile for: Local Agent

    Portrait

    Chris Hinkly

    Office : 07 5491 3...
    Mobile : 0411 023 ...

    Local Agent

    localagent.net.au


    Send an Email:


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    If you're interested in a property advertised on this website, please call the manager or broker whose details are on the listing. For any other matters, please get in touch with us below, we'd love to hear from you!

    Office : 111 Eagle St, Brisbane Q 4000
    Call : +61 7 3868 4047
    Agency Principal : 0407 769 944
    (DO NOT CALL THIS NUMBER IF YOU ARE A TENANT OR PROSPECTIVE TENANT!)
    Mail: info@TheOnsiteManager.com.au

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