Burleigh Heads Management Rights with Spacious 3 Bedroom Unit
$1,820,000
Resort / Holiday management rights, Burleigh Heads QLD
Located in in the heart of stunning Burleigh Heads, this three-story walk-up management rights complex is just a few steps from the beach and within easy reach of shopping, dining and entertainment on vibrant James Street.
For the past 16 years, a dedicated single operator has successfully managed this complex, which includes two bedroom self-contained apartments, all set against the backdrop of lush tropical gardens.
Guests enjoy amenities such as a heated outdoor pool and spa, BBQ area, and secure underground parking. With a stellar reputation reflected in glowing reviews on platforms like TripAdvisor, this complex has a high volume of returning guests.
Included is a spacious, air-conditioned three-bedroom, two-bathroom ground floor manager's residence, complete with a generous kitchen, lounge, and private courtyard.
Supported by a proactive Body Corporate, the business generates a robust net profit for just one single operator. A substantial 20 years remaining on the agreement, coupled with the presence of eight external agents, there is the opportunity to grow this business even further!
Take the next step in exploring this fantastic opportunity by contacting me today to schedule an inspection.
Net Profit: $194,624
More Information
- Total Purchase Price: $1,820,000
- Net Income: $ 194,624
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 900,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.7
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?