Proudly supported by all of the industry's leading brokers
Paradise Living Awaits - Beachside MR
$495k MR&$520k Unit = Total $1.015M
Resort / Holiday Management Rights, BONGAREE QLD
Unlock the potential of Bribie Island, a thriving holiday destination!
Embrace the ultimate sea change with a peaceful waterfront setting overlooking the stunning Pumicestone Passage. This boutique holiday apartment complex offers both lifestyle and investment appeal, promising lucrative returns.
- Prime Location: Just an hour's drive north of Brisbane, this hotspot draws a constant flow of visitors from Brisbane and interstate.
- Profitable Business: With a proven net profit of $145,682 @ a strong ROI of 14.3% and room for growth by optimizing inventory and operations, this complex boasts a strong track record and promising profit margins.
- Growth Opportunities: Increase revenue by boosting direct bookings, utilizing dynamic pricing, and reconfiguring room layouts for higher occupancy.
- Secure Income: A sound body corporate salary further strengthens the Net Operating Profit.
- Extra unit recently added to the letting pool, now 14 in total, with a potential for another to come online from Jan25. Profit currently not accounted for in the NOP. Uptick in profit straight away.
Conveniently located within walking distance to popular restaurants, the Bowls Club, the RSL, and just a short drive to the Sandstone Point Hotel. The only Island in the region accessible by bridge.
Dont miss out on this exceptional opportunitycontact our exclusive agents today to learn more and schedule a viewing today!
**Ras360 Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $495k MR&$520k Unit = Total $1.015M
- Net Income: $ 145,176
(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?