GOLDEN OPPORTUNITY - NEAR HALF A MILLION NET INCOME!
$3,771,000
Resort / Holiday Management Rights, MAIN BEACH QLD
On offer right now. A rock-solid Gold Coast Management Rights business with an enviable financial track record and unbeatable location!
Only a 5-minute stroll to the beach. Quality restaurants, bars, cafes and shops at your doorstep. Immerse yourself in the Gold Coast's premier beachside suburb of Main Beach!
A quick drive to icons such as Surfers Paradise, Marina Mirage, Theme Parks, Casino, Gold Coast Convention Centre and Pacific Fair Shopping Centre.
The high-rise building itself, expertly refurbished, features all the resort style amenities that guests would expect of a complex of such excellent pedigree.
And of course, the Manager's residence is also of high standard, being a spacious 3-bedroom, 2-bathroom apartment, with a large balcony for entertaining. Generous sized reception area and back office are also on title.
Boasting a current Body Corporate Salary of $163,000 p.a. (ex GST), with generous yearly increases, the business benefits from a cooperative and supportive committee.
This top shelf business package netting $489,000 p.a. ensures a very desirable return on investment without sacrificing lifestyle.
Savvy business operators, contact me ASAP to secure your exclusive inspection.
More Information
- Total Purchase Price: $3,771,000
- Net Income: $ 489,706
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,200,000
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.
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?