Excellent Price - Motivated Vendors
$1,596,500
Resort / Holiday management rights, Trinity Beach QLD
Exclusive 4 star resort in Trinity Beach, 15 minutes drive north of Cairns.
With a great mix of holiday & corporate letting this is a top business and a credit to the current managers.
Excellent resort facilities, and guests have a choice of 1, 2 & 3 bedroom apartments, most of which have been refurbished to a high standard.
Very cooperative Body Corporate.
Considerable upside exists with this rarely advertised property for astute management: (Current owners have been in place for almost fifteen years.)
A solid based Holiday and Corporate business with high repeat clientele.
With extensive tropical gardens and lovely water features this is a very well presented quality property.
Very spacious exclusive use reception/office.
Manager's real estate includes 2 commercial lots.
Very well priced for market by motivated Vendors who now have additional business interests.
Contact Calvin for further information.
More Information
- Total Purchase Price: $1,596,500
- Net Income: $ 361,026
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 565,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.9
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?