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Picture yourself in Paradise...
$1,595,000
Resort / Holiday management rights, Port Douglas QLD
This management rights opportunity really ticks every box.
It is a modern, very well presented adults only property, in a top main street corner location, less than 100m from the beach.
It is also only a minutes stroll to restaurants, cafes and shops.
Presented are comfortable, modern 1 bedroom apartments of contemporary design, all recently refurbished.
With the benefit of a repair and refurbishment fund, the units are continually being refurbished, and there is no need to ask permission from the owners.
There is a high occupancy rate: The large repeat client base grows each year with great forward bookings.
This is a popular Four Star property with a location advantage for walk in customers and providing excellent guest facilities.
It is an established business with a large repeat client base and enjoying excellent occupancies. It also has new letting owner appointments.
Long Agreements, 24 years remaining.
It also has a pooled letting system and an up to 10% monthly levy for refurbishment and maintenance.
The layout and furnishings of all apartments are similar.
No owners permitted to reside onsite.
Call Calvin for further information or to arrange an inspection.
More Information
- Total Purchase Price: $1,595,000
- Net Income: $ 294,600
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 495,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.7
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?