Acquire a Prime Beach Front Management Rights in Bargara | Resort Brokers ID : MR008503

$1,570,000

Resort / Holiday Management Rights, BARGARA QLD

ResortBrokers presents the Bargara Blue Resort, a prime beachfront property in the picturesque town of Bargara.

This investment opportunity boasts an impressive 20.8% ROI, a spacious three-bedroom manager's unit, and potential for growth under new management. Efficiently run by a single entity or couple, with limited office hours and streamlined systems.

This is more than an investment - it's a lifestyle of financial independence in paradise.

- Prime beachfront resort in the picturesque coastal town of Bargara
- Impressive 20.8% ROI, a testament to financial success
- Spacious three-bedroom, two-bathroom manager's unit available at a competitive price
- Potential for growth under new management
- Efficiently managed by a single entity or a couple
- Convenient management with limited office hours and streamlined systems
- Comfortable Body Corporate salary with annual CPI increase
- Escape the 9-5 grind with a lifestyle of financial independence in paradise
- Inspections by appointment only
Date updated: 22 Dec 2024 22:00:04

More Information

Financial Overview

Total Purchase Price: $1,570,000
Net Income: $ 328,654 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 600,000
_{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.}

Letting Business

Letting Pool: 16
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 12
_{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: 1
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 30
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 68,098
_{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: 19 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: As per agreement
_{Required Office Hours}

Complex Features: Centrally located in the small coastal town of Bargara, the Bargara Blue Resort offers spacious self-catering apartments, just a short stroll from beautiful Kellys Beach. Guests enjoy free WiFi. This small resort features 25 separate self-contained apartments. Each unit has a large open-plan living/dining room and a fully-equipped kitchen. Guests at Bargara Blue can relax by the swimming pool or play a game of tennis. There are a number of shops, restaurants and cafÃ©s within walking distance of the property. Local Coral Coast events include the nesting and hatching of loggerhead turtles and the migration of whales along the coastline. The friendly staff at Bargara Blue will be more than happy to make recommendations for local sight-seeing and attractions. Room Service Beachfront Fitness Center Swimming Pool - Outdoor Contactless check-in and check-out are available Social distancing measures are in place Tennis Court BBQ Grills Non-Smoking Facility Bargara Blue Resort features fully self contained one, two&three bedroom apartments, modern guest facilities and a superb location just a minute stroll from the beach. Bargara Blue Resort is an ideal choice for guests seeking Bargara accommodation. All apartments are equipped with the following: Full kitchen facilities with dishwasher Private balcony with outdoor furniture Air conditioning in lounge/dining room Ceiling fans in all bedrooms Television with cable channels 2nd television in main bedroom King size bed in main bedroom 2nd bathroom in 2&3 bedroom apartments Laundry with washing machine and dryer Iron and ironing board Free wireless internet access The accommodation at Bargara Blue Resort is self contained and unserviced. Initial provisions supplied include soaps; laundry, kitchen and bathroom, tea, coffee, milk, sugar and toilet paper. 9.30 AM to 4.30 PM - Monday to Friday 9.30 AM to 1.00 PM - Saturday

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 600,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

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

Pets: yes
_{Can the manager own a pet on site?}

Unit Features: 3 bed ensuite-spa, second bathroom and attached office and reception. - Our apartment has 3 Bedroom / 2 Bathroom, (Ground Floor) with 2 enclosed outside areas totally fenced in. (great to keep pets in or for privacy) Living area: 120 m2 Front patio : 12 m2 Back patio: 25 m2 + Reception and Office area: 24 m2