Proudly supported by all of the industry's leading brokers
Price Reduced - A Victorian Coastal Dream Property - ID 9136
$1,990,000
Resort / Holiday management rights, Greater Melbourne Region
Victorian Management Rights for Sale
Work And Play in One of Victorias Premier Locations
- Strategically located between two of Australias top 25 golf courses
- A total of 37 well-appointed units, plus the owners 2-bedroom unit (available for sale separately)
- Offering high quality facilities conference room, restaurant & bar, resort style swimming pool, well equipped fitness centre, ample car parking, tennis court, day spa, childrens playground, guest laundry and parking
- High net profit, steady income and long-term lease in place
Net Profit: $415,819 for 23/24
Total Asking Price: $1,990,000 (Business Only)
(Option to purchase Manager's Residence for $430,000)
More Information
- Total Purchase Price: $1,990,000
- Net Income: $ 415,819
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.8
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