Proudly supported by all of the industry's leading brokers
Mixed Letting - Surfers Paradise - ID 8299
$1,425,000
Resort / Holiday management rights, Surfers Paradise QLD
Management Rights For Sale
Supervisory Caretaking Duties
- 188 unit high rise complex
- 19 units in the letting pool (6 holiday & 13 permanent)
- 10 year Standard Module
- Growth potential by converting permanent lettings to short term
- No residence to purchase
- No requirement to live onsite
- Great location: easy access to beach, light rail, restaurants and shops
- Reception, office & storage on title
Iconic building in the heart of Surfers Paradise. Current manager's have committments elsewhere and have decided to sell. This business would suit either a first time or experienced operator.
Net Profit: $293,901
Asking Price: $1,425,000
More Information
- Total Purchase Price: $1,425,000
- Net Income: $ 293,901
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 295,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.8
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?