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Where Hospitality Meets Profitable Waves, Surging with Over $377k in Net Profit!
$1.75 MR&$775k Unit = Total $2,475,500
Resort / Holiday Management Rights, MIAMI QLD
Strategically positioned, the property offers unparalleled convenience, with boutique shops, supermarkets, artisanal breweries, quaint cafes, and top-tier dining options all within a leisurely stroll. Surfers will delight in the proximity to Burleigh Point, renowned for its world-class waves. Additionally, the forthcoming light rail extension will enhance accessibility, with a station conveniently located at the doorstep, further enhancing the resort's allure.
Comprising 3 contemporary levels, the complex comprises 72 units, 38 dedicated to holiday letting. The remaining units are occupied by owners, outside agents, (with 16 outside to get back in the letting pool) and the manager's residence, which boasts recent renovations, including a brand-new kitchen and flooring. The manager's quarters offer a haven of tranquility, complete with spacious living areas, two bedrooms, two bathrooms, and a private verandah.
Beyond the accommodation, guests are treated to resort-style amenities, including a heated pool, spa, and alfresco dining area nestled amidst lush, low-maintenance gardens. The renovated reception area, equipped with an attached office, provides a welcoming first impression, with undercover access for arriving guests.
With the manager required onsite during office hours, there's ample opportunity for seamless operations, with the potential to further maximize revenue streams by renting out the manager's unit. Riding the wave of a booming domestic travel market, the business has witnessed robust performance, boasting a commendable net profit exceeding $377k in the past year.
The complex presents an enticing proposition for savvy investors seeking a turnkey opportunity. With the option for offsite residency, flexible agreements, and the potential to convert units currently leased through outside agents, this is an ideal venture for solo operators or seasoned industry professionals looking to bolster their portfolio with a lucrative, hassle-free endeavor.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $1.75 MR&$775k Unit = Total $2,475,500
- Net Income: $ 377,876
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 775,000
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?