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PRIME WATERFRONT PERMANENT - with small short stay pool | Resort Brokers ID : MR007202
$2,003,344
Resort / Holiday Management Rights, Maroochydore QLD
With 118 units in the complex and 52 in the letting pool, there is scope to increase the letting business considerably. The business is predominately permanent letting with just five in the short stay pool. Convert to 100 per cent permanent letting over time if required. With 24 years remaining and a solid Body Corporate salary and the opportunity to reside offsite and gain additional revenue from letting out the managers unit, or simply letting out the studio and two-bedroom unit and residing in the one-bedroom configuration. Profit from this would be additional to the net profit stated. Call for more details on this great opportunity.
- Recently refurbished main residence
- Live off-site if desired as long as someone is residing in one of the unit configurations
- Multiple options with manager’s residence to earn additional income
- Convert to fully permanent letting over time
- Minimal office hours
- Solid Body Corporate remuneration
- Prime location close to all amenities
- Property inspections are by appointment only
More Information
- Total Purchase Price: $2,003,344
- Net Income: $ 240,280
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 850,000
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?