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Retiring Couple are Clear - Sell Now!
SETTLEMENT PENDING
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
- Total Purchase Price: SETTLEMENT PENDING
- 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.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours