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  • Management Rights Sunshine Coast
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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
Date updated: 26 Jun 2022 23:00:08

More Information

Financial Overview

  • 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.

Letting Business

  • Letting Pool: 53
    Number of units the manager is authorised to manage.
  • Owner Occupiers: 34
    Number of units resided in by their owners.
  • Lock Ups: 12
    Number of units owners are not renting out, but also do not live in.
  • Outside Agents: 15
    Number of units being rented by other agents (these could potentially be acquired by the manager).
  • Units In Complex: 118
    The total number of units within the complex.
  • Caretaking

  • Remuneration: $ 143,431
    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: 0 years
    How long has the management rights existed.
  • Office Hours: Minimal office hours
    Required Office Hours
  • Complex Features: BBQ area, heated pool, kayak storage, games room and sauna
  • Real Estate Component

  • Manager's Unit:   4 3
  • Included Real Estate: $ 850,000
    The value of on-title property included with the business. Its price is included in the Total Purchase Price.
  • Manager's Car Spaces: 0
  • 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: Recently refurbished main residence
  • Listing Agent Contact Details

    %2Fusers%2Flogo_754806%2F1.jpg Click here to view full profile for: Resort Brokers

    Portrait

    Glenn Millar

    Office : 1300 665 ...
    Mobile : 0412 277 ...

    Resort Brokers

    http://www.resortbrokers.com.au


    Send an Email:

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    • Property ID: 21093141
    • Broker's Ref: MR007202
    • =754806
    • Last Update: 1 week ago.
    • Listing Type: Resort / Holiday
    • Price: $2,003,344
    • Maroochydore, QLD

    Agent Details

    %2Fusers%2Flogo_754806%2F1.jpg Click here to view full profile for: Resort Brokers

    Portrait

    Glenn Millar

    Office : 1300 665 ...
    Mobile : 0412 277 ...

    Resort Brokers

    http://www.resortbrokers.com.au


    Send an Email:


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