Beautiful, classic beachfront resort

$1,400,000

Resort / Holiday management rights, Palm Cove QLD

Beach front and very popular.
Set amongst award winning gardens.
Rapidly improving occupancy as the industry in the area improves.
Excellent management results here with all one bedroom fully self contained spacious apartments furnished to high standards.
Most with great views.
A happy building, well maintained and presented.
No residential obligation.
Pooled income for ease of administration.
Invest and prosper while enjoying the beachfront lifestyle.
Motivated Vendors with reluctant sale after 17 years.

Confidentiality Conditions apply.

Call Calvin for further details. Inspections by appointment only.

More Information

Financial Overview

Total Purchase Price: $1,400,000
Net Income: $ 245,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 650,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.1
_{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: 17
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 1
_{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: 5
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 24
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 57,325
_{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: 21 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:
_{Required Office Hours}

Complex Features: Delightful port cochere style garden entrance, Large freeform walk in pool with three in pool spas, Award winning tropical gardens, Guest barbecue, Undercover parking, WI-Fi, Tour desk.

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 650,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 0
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: 2 bed 2 bathrooms on 2 levels. Ocean views from upper floor, privacy from lower floor. Large private exclusive use outdoor deck. Be lulled to sleep at night by the sound of the waves and the soft sea air through the window. Office is exclusive use.