Beachside Business in Burleigh Heads! - ID 9108

$1,255,000

Permanent management rights, Burleigh Heads QLD

Permanent Management Rights for Sale

MR Sales is pleased to market this Burleigh Heads Management Rights, a resort-style, beachside business with plenty of potential.

A mere 100m to the beach and a short stroll to some of Burleigh Heads best cafs and restaurants, the complex offers prime location and resort-style facilities. With no set office hours and minimal caretaking duties, this business truly embraces the Gold Coast lifestyle. You also have the flexibility to reside off-site, allowing an approved nominee to occupy the manager's residence.

Features
- No set office hours.
- Low maintenance and easy to manage.
- Solid Body Corporate salary of $72,000
- Accommodation agreement with 16 years remaining.
- Opportunity to grow letting pool 16 outside agents.
- Located 100m from the beach in the highly desired Burleigh Heads.
- Perfect business for first-time operators or experienced managers looking for a lifestyle focused change.

Net Profit: $69,123
Asking Price: $1,255,000
(Inclusive of manager's real estate priced at $1,045,000)

More Information

Financial Overview

Total Purchase Price: $1,255,000
Net Income: $ 69,123 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,045,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.0
_{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.}

Letting Business

Letting Pool: 4
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 16
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 16
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 36
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 72,211
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 16 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 20 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: Swimming Pool Spa, BBQ Entertainment Area, Gym, Landscaped Gardens, Secure Building Car Park

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,045,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 3

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: Ground floor two-bedroom, two-bathroom unit, featuring a well-appointed kitchen, spacious living/dining area complete with air-conditioning and a private balcony