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Enviable Location on the Broadwater!!
$1,889,000
Resort / Holiday management rights, Labrador QLD
Enviable Location on the Broadwater!!
This sea facing hi-rise complex is ideally located and offers not only excellent resort facilities and sea views, but is located close enough to fabulous beaches, numerous schools, Hospitals, University, shopping centres, sports facilities, sports stadiums and the Theme Parks.
A well-managed complex in such a convenient location offering first-rate facilities such as a heated swimming pool, half size tennis court, BBQ, games room and Wi-Fi. Some images might not depict this complex.
A complex with highly supportive residents and committee, and a complex welcoming repeat guests with an approximately 80% occupancy history.
The managers 2 bedroom, 2 bathroom apartment with open plan lounge and dining area leading off from a fully equipped modern kitchen with water views, and with access to an office that overlooks the Broadwater and the ever changing magnificent seascape.
To arrange an inspection call: Gavin - 08854 or email:
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
More Information
- Total Purchase Price: $1,889,000
- Net Income: $ 235,200
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 890,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.2
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
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?