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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
More Information
- 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.
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?