HIGH RISE IN CENTRAL BEACH LOCATION - ID 9037

$1,950,000

Resort / Holiday management rights, Maroochydore QLD

Sunshine Coast Management Rights For Sale
11 Floor High Rise with Ocean Views

- Ideal beach location
- Ocean views from the 11 floors of the complex
- Walking distance to shops, dining and entertainments precincts
- 49 apartments with 14 in the letting pool
- 1, 2 and 3 bedroom apartments ranging from budget friendly to superior
- Onsite facilities include heated pool, BBQs, secure parking, lifts to all levels, Wi-Fi, Cable TV and CCTV
- Long list of loyal return guests
- Excellent Body Corporate salary
- Separate office located on the ground floor
- No set hours and no requirement to live onsite
- All building maintenance up to date, solid building construction, no hidden future costs
- Spacious 3 bed, 1 bath managers apartment located on the 4th floor with ocean view

Centrally located to all that the Sunshine Coast region has to offer, this Maroochydore Management Rights business is definitely one to add to your wishlist!

Net Profit: $233,000
Asking Price: $1,950,000
(Inclusive of Managers Real Estate)

More Information

Financial Overview

Total Purchase Price: $1,950,000
Net Income: $ 233,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 735,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 5.2
_{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.}

Letting Business

Letting Pool: 14
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 10
_{Number of units resided in by their owners.}

Lock Ups: 11
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 14
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 49
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 158,851
_{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: 24 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 50 years
_{How long has the management rights existed.}

Office Hours: No set office hours
_{Required Office Hours}

Complex Features: Heated swimming pool, BBQ facilities, Security parking, Lifts to all levels, CCTV Cable TV, Wi-Fi

Real Estate Component

Manager's Unit: 3 1

Included Real Estate: $ 735,000
_{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: 0
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: Spacious apartment with water views, 3 bedrooms, 1 bathroom, Located on the 4th floor of the complex, Secure underground parking space, Plenty of storage