Live in a Renovated Beachfront Unit Caretaking Only in the Heart of Coolangatta.
$150k MR&$1.35M Unit = Total $1.5M
Permanent Management Rights, COOLANGATTA QLD
Ras360 is excited to introduce this charming oasis located in the highly sought-after area of Coolangatta. Aries Apartments can be managed by a single operator or with ease by two people. Minimal grounds management features a pool with an elevated deck and boasts a recently renovated manager's unit, making it an absolute delight to oversee.
With accommodation agreements already in place, a stable body corporate salary, and a growing business, this opportunity is perfect for newcomers to the industry or those seeking semi-retirement in a highly desirable location. Coolangatta, Queensland's southernmost coastal town, serves as the gateway to the Gold Coast and Northern New South Wales. Positioned on the border adjacent to its twin town of Tweed Heads, Coolangatta is an ideal location to enjoy a peaceful and rejuvenating holiday while being within minutes of the excitement of the Gold Coast.
Coolangatta is renowned for being one of the Gold Coast's most stunning beaches, featuring the world-famous surf break, Snapper Rocks, known for hosting the annual Quicksilver and Roxy Pro, the first event of the year on the ASP World Surfing Tour. It is also a preferred surfing spot for local world champions such as Mick Fanning, Joel Parkinson, and Stephanie Gilmore, who take pleasure in surfing their own 'local' break when they are at home.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $150k MR&$1.35M Unit = Total $1.5M
- Net Income: $ 44,906
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,350,000
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?