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0.3 Multiplier in Mermaid Beach - ID 7829
Huge Income Upside Potential
Resort / Holiday management rights, Mermaid Beach QLD
Mixed Management Rights for Sale
Huge Income Upside Potential
- 0.3 multiplier on the Gold Coast an amazing deal, as the manager has committed to other business ventures. Urgent sale.
- Buy a property and get a business almost free, with $66,731 net income per year.
- A genuine and simple reason for sale you wont find another bargain like this on the Gold Coast.
- Stable body corporate salary of $56,138 + GST, with annual CPI increases.
- Strong year-round booking demand with consistently high occupancy rates.
- Very small rental pool of only 3 (1 holiday, 2 permanent), plus 6 with outside agents.
- Enormous potential to dramatically increase income by converting permanents to holiday rentals and expanding the letting pool.
- 25-year long agreement with 15 years remaining secure long-term tenure.
- Boutique modern apartments featuring 2 bedrooms, 2 bathrooms, 1 secure car space.
- Large dining and living area, modern kitchen, spacious private balcony, air-conditioned.
- Professional office on title.
- Prime location walking distance to shops, tram stop, beach, restaurants, pharmacy, medical centre, and major shopping centre.
Net Profit: $66,731
Asking Price:$990,000
(Inclusive of Managers Real Estate)
More Information
- Total Purchase Price: Huge Income Upside Potential
- Net Income: $ 66,731
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 970,000
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?