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Yeppoon - Ocean & Island View Management Rights
$1,140,000 neg.
Resort / Holiday management rights, Yeppoon QLD
EXCLUSIVE TO CRE BROKERS. This beautiful complex overlooking the Pacific at Yeppoon, is just minutes walk from the Town Centre, the cafes, restaurants and patrolled beaches of Yeppoon.
Each apartment offers ocean and island views and the complex is easy to maintain with only a pool and BBQ area.
Yeppoon offers the ultimate laid-back beach lifestyle, however with the convenience of nearby Rockhampton, the Beef Capital of Australia, with all its essential infrastructure including airport is just a short 35 minute drive down the road.
TOTAL NUMBER OF UNITS : 15
UNITS IN LETTING POOL : 11
NET PROFIT : $200,000K (verified by Holmans Accounting)
MANAGER'S RESIDENCE : Stunning ocean & island views with reception downstairs
REAL ESTATE PRICE :$520,000
BUSINESS PRICE : $620,000
TOTAL ASKING PRICE: $1,140,000 neg.
More Information
- Total Purchase Price: $1,140,000 neg.
- Net Income: $ 199,130
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 520,000
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?