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Mixed Letting Management Rights For Sale - ID 9204
Up To $270,000 Net Profit
Resort / Holiday management rights, Surfers Paradise QLD
Mixed Letting Management Rights For Sale
Total Asking Price $1,450,000
- No requirement to live onsite - required to be contactable
- The 1 bed, 1 bath manager's residence could be rented out for an additional $30,000 p.a
- Mixed letting complex with a total of 13 in the letting pool (10 holiday and 3 permanent)
- Low multiplier of 3.76
- No set office hours equates to a reduced workload
- Body Corporate salary of $65,818 + GST with CPI increase
- High net profit of $239,056 with very strong holiday bookings
- 25 year Accommodation Module agreements with 20 years left to run
- Exclusive reception area with plenty of storage space
Conveniently located in the centre of Surfers Paradise, close to everything which ensures strong bookings. Stable rental pool with majority of one bedroom units.
Net Profit: $239,056
Asking Price: $1,450,000
(Inclusive of Manager's Real Estate)
More Information
- Total Purchase Price: Up To $270,000 Net Profit
- Net Income: $ 239,056
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 550,000
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?