Premium Management Rights Opportunity - With a $815k Net

$6,260,000

Resort / Holiday management rights, Greater Gold Coast Region

Hotel Resort Sales exclusively presents a rare chance to secure a high-performing management rights business in one of the Gold Coasts most desirable coastal suburbs.

Comprising of 1, 2, and 3-bedroom self-contained holiday apartments, 40 of which are in the holiday letting pool, this business generates strong returns with a net profit exceeding $815K, including a $260K body corporate salary. It offers excellent long-term security with 19 years remaining on a 25-year agreement, plus the flexibility of no set office hours (currently operated under standard hours).

Backed by a highly supportive Body Corporate, the long-term managers (over 10 years) have streamlined systems in place, perfect for a seamless transition.

Guests enjoy premium resort facilities including:

* Heated indoor pool& outdoor resort pool
* Spa, steam room, tennis court& gym
* BBQ & entertainment areas
* Guest/resident lounge and free secure parking

Included in the sale is a beautifully renovated 2-bed, 2-bath managers apartment with high ceilings and a large courtyard, plus a spacious on-title office.

With 16 lockups and 3 outside agents, theres genuine scope to grow the letting pool and boost returns even further.

This opportunity wont last contact Craig today for more information.

Net Profit: $815,297

Property Code: 79

More Information

Financial Overview

Total Purchase Price: $6,260,000
Net Income: $ 815,297 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,370,000
_{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.}

Letting Business

Letting Pool: 40
_{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: $ 260,619
_{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: 19 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 26 years
_{How long has the management rights existed.}

Office Hours: No Hours Set on Agreement, however office hours are observed
_{Required Office Hours}

Complex Features: Heated indoor pool and Outdoor Resort Pool, Spa, Steam Room, Tennis Court, Gym, BBQ Entertainment Areas

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,370,000
_{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: Spacious renovated 2 Bedroom, 2 Bathroom unit with high ceilings and courtyard, Carpark