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Beachfront At Trinity
$2,100,000
Resort / Holiday management rights, Trinity Beach QLD
We are delighted to be exclusively appointed to sell this top rated management rights business offering a quality holiday experience at Trinity Beach the favoured location among the northern beaches of Cairns in Far North Queensland. The business comprises the rights over two distinct properties Beachfront Trinity and Royden Beachfront Apartments. The two properties managed as one, have for many years attracted top ratings on most consumer review sites. Not once, but several times the business has attracted top ratings nationwide over recent years reflecting both the strong appeal of their customers but also the total visitor experience guests at Beachfront at Trinity have enjoyed.
Over the two properties there are 40 lots in total with 29 in the combined letting pool offering a terrific mix of one, two and three bedroom apartments all continually maintained to meet the exacting needs of international holiday makers and travellers. There is a choice of sea or tropical views and apartments are well appointed to four star standards. Management have astutely prepared marketing plans offering guests a good range of plans and packages to meet most needs. Both properties have elevator service to all floors and the properties are not only less than 30m to the beach, but also within a couple of minutes walk to a choice of fine restaurant, taverns and specialty retail shops. There are excellent on-site pool facilities, off-street parking and attractive garden settings.
Body Corporate agreements currently have a lengthy expiry in 2043. The managers apartment is two bedroom, two bathroom with a private garden setting and there is exclusive use of office facilities, linen rooms, tool sheds and storage.
Trading in the wake of COVID has been excellent with profit to the end of 2021 exceeding $360,000. Forward bookings for 2022 are as good as they have ever been as tourists return to this favoured holiday destination.
Property ID 956
More Information
- Total Purchase Price: $2,100,000
- Net Income: $ 400,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 425,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.2
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?