Right on the Esplanade
$2,095,000
Resort / Holiday management rights, Torquay QLD
RMS proudly and exclusively offer an easy-to-manage, short-stay management rights opportunity located right on the esplanade opposite a safe swimming beach that stretches for kilometers. This property provides four-star, fully self-contained apartments with million-dollar views across the Bay to Fraser Island.
Comprised of 30 spacious and tastefully appointed units with large balconies, resort offers highly sought-after holiday accommodation within walking distance of renowned beaches and local attractions. This business offers significant letting pool stability due to council zoning rules.
Key highlights:
- Council zoned short stay only no owner-occupiers permitted
- Superior beachfront location
- Two accommodation units included
- Separate office (on title)
- Solid body corporate salary
- Perfect building for a start-up or experienced management couple
- High guest return rate
- Easy to maintain
- Historic maintenance history
More Information
- Total Purchase Price: $2,095,000
- Net Income: $ 401,522
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 540,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.9
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?