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Thriving Short Term Business In Cotton Tree

$1,200,000

Resort / Holiday management rights, Maroochydore QLD

Are you looking for an opportunity to own a successful easy-to-run accommodation business in the heart of the Sunshine Coast?
This boutique-style accommodation property is perfectly located just 150 meters from the beachfront in the popular holiday letting area of Cotton Tree, Maroochydore.
The building is in pristine condition and offers a range of 1 and 2-bedroom, fully self-contained apartments, all equipped with air conditioning, cable TV, secured parking, and balconies overlooking the heated mineral swimming pool and tropical gardens.
Priced very competitively this well established easy-to-run operation has long agreements in place and presents a great ROI.
This business could be run by one person, making it a great opportunity for a first-time manager or an experienced operator looking for a low-maintenance investment.
Don't miss your chance to own a thriving business in a sought-after location on the Sunshine Coast.

Key Highlights:
Long agreements
Great ROI
Low multiple
No set office hours
Easy to run business (could be run by one person)
3 bed 2 bath managers unit with large patio area
Office attached to unit and on title
Plenty of storage

More Information

Financial Overview

  • Total Purchase Price: $1,200,000
  • Net Income: $ 206,031 (actual)
    This is the combined total income acheived by the business after expenses, before tax.
  • Included Real Estate: $ 590,000
    The value of on-title property included with the business. Its price is included in the Total Purchase Price.
  • Multiplier: 3.0
    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: 12
    Number of units the manager is authorised to manage.
  • Owner Occupiers: 5
    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: 17
    The total number of units within the complex.
  • Caretaking

  • Remuneration: $ 29,477
    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: 23 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: None set
    Required Office Hours
  • Complex Features: heated pool, covered BBQ area, cable TV, secured parking, units all air cond.
  • Real Estate Component

  • Manager's Unit:   3 2
  • Included Real Estate: $ 590,000
    The value of on-title property included with the business. Its price is included in the Total Purchase Price.
  • Manager's Car Spaces: 2
  • 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: The managers unit is a spacious 3-bedroom, 2-bathroom, complete with a large patio area, and office attached and on title.
  • Listing Agent Contact Details

    %2Fusers%2Flogo_755285%2F1.jpg Click here to view full profile for: Australian Resort Management Sales

    Portrait

    Adam Langer

    Office : 0410343...
    Mobile : 0468 317 ...

    Australian Resort Management Sales

    managementrights.com


    Send an Email:

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    • Property ID: 21110164
    • Broker's Ref:
    • =755285
    • Last Update: 3 weeks ago.
    • Listing Type: Resort / Holiday
    • Price: $1,200,000
    • Maroochydore, QLD

    Agent Details

    %2Fusers%2Flogo_755285%2F1.jpg Click here to view full profile for: Australian Resort Management Sales

    Portrait

    Adam Langer

    Office : 0410343...
    Mobile : 0468 317 ...

    Australian Resort Management Sales

    managementrights.com


    Send an Email:


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