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Price drop - motivated vendor | Resort Brokers ID : MR006862

$2,041,000

Resort / Holiday Management Rights, Spring Hill QLD

Located in Spring Hill, this lucrative, corporate short-term management rights business provides a dynamic operator the perfect work to lifestyle balance.

  • Consists of 54 modern studio, one and two-bedroom apartments.
  • Verified net profit now showing $50K in growth since June 2021 - $329K
  • Recently topped up Caretaking and Letting agreements
  • Good cash flow, easily run with room for capital growth
  • Strong income drivers from local hospitals and major employment centres
  • Excellent repeat bookings from long-term clientele
  • Long agreements - 21 years to run
  • Spacious 2 bed, 2 bath manager's residence
  • Supportive Body Corporate Committee
  • Easy to run complex with no onerous gardens and BC handling the pool
  • Ideal for a dynamic duo looking to enjoy inner-city living and earning a fantastic income
  • Property inspections are by appointment only
Date updated: 03 Jul 2022 23:00:06

More Information

Financial Overview

  • Total Purchase Price: $2,041,000
  • Net Income: $ 328,761 (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: 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: 24
    Number of units the manager is authorised to manage.
  • Owner Occupiers: 3
    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: 10
    Number of units being rented by other agents (these could potentially be acquired by the manager).
  • Units In Complex: 54
    The total number of units within the complex.
  • Caretaking

  • Remuneration: $ 113,073
    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: Pool, Spa, Sauna, BBQ
  • Real Estate Component

  • Manager's Unit:   2 2
  • Included Real Estate: $ 495,000
    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, main with ensuite, large built in robes, large balcony
  • Listing Agent Contact Details

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

    Portrait

    Jeff Keast

    Office : 1300 665 ...
    Mobile : 0414 669 ...

    Resort Brokers

    http://www.resortbrokers.com.au


    Send an Email:

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    Management Rights Spring Hill

    Resort / Holiday Management Rights

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    • Property ID: 21089505
    • Broker's Ref: MR006862
    • =754806
    • Last Update: 2 weeks ago.
    • Listing Type: Resort / Holiday
    • Price: $2,041,000
    • Spring Hill, QLD

    Agent Details

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

    Portrait

    Jeff Keast

    Office : 1300 665 ...
    Mobile : 0414 669 ...

    Resort Brokers

    http://www.resortbrokers.com.au


    Send an Email:


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    • Manager's Estate (incl): $ 230,000   0   0     Pet Friendly
    Listing Photograph Listing Photograph Listing Photograph

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