Beachfront Agnes Water

$2,400,000

Resort / Holiday management rights, Agnes Water QLD

Outstanding return on investment
Located in central Agnes Water on the main road to 1770, and with direct beach access to the most northern surf beach on the east coast. This long-established resort is diversified to cater for the budget one-night traveller, through to families in luxurious 2, 3 and 4 bedroom Beach Homes, 7 with their own private plunge pools. The accommodation comprises of a 9-room motel, double occupancy studios and family studios. Studio, 1 bedroom and 2-bedroom Garden Villas, and in the gated Beach Homes section, twenty-four, 2, 3 and 4 bedroom Beach Homes.
The excellent licensed on-site restaurant is independently operated.
No requirement to live on site, however, a 2-bedroom managers apartment is included in price.
The office / reception is the management lot and is part of the sale. ($350k)
Large inventory of equipment including housekeeping van, trailer, golf buggies and gardening tools included ($70k+)
Large, leased swimming pool for motel, Studios and Garden Villa guest use.
Beach Homes pool, heated spa and BBQ pavilion.
Potential future management of houses under construction.
Annual occupancy 43%

More Information

Financial Overview

Total Purchase Price: $2,400,000
Net Income: $ 531,987 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 350,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.9
_{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.}

Letting Business

Letting Pool: 43
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 13
_{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: 6
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 66
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 143,230
_{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: 22 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: Direct Beach AccessAll year round beautiful beach which is safe for swimmingClose to the main patrolled surf beachOnsite fully licensed Drift Wood RestaurantEasy stroll to the local community, cafes shopping precinct.Sandcastles 18 Metre Swimming Pool with sun lounges and BBQ.2 Tesla Car Charging Stations