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
- 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.
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?