Proudly supported by all of the industry's leading brokers
Surfs Up at this Beachfront Holiday Complex!!!
$2,900,000
Resort / Holiday management rights, Burleigh Heads QLD
A Management Rights Complex about to undergo renovations that already ticks most of the boxes.
Holiday beachside complex in Burleigh Heads that allows each occupier direct and uninterrupted ocean views. Situated just steps from one of the Gold Coasts most beautiful beaches, the spacious two bedroom, and two bathroom apartments boast full kitchens, cable TV, Free Wi-Fi and private balconies with stunning ocean views.
The complex facilities include: heated outdoor pool and spa, an indoor spa, well-equipped gym. sauna, two half-sized tennis courts, games room and secure underground parking. When its time to explore, the regions boutique shopping districts, international restaurants and world class theme parks are within quick and easy reach. Take the short drive out to the Gold Coast hinterland to explore lush rainforests or simply kick back on the beach and forget the world.
Renovated 2 bedroom 2 bathroom managers apartment, spacious lounge and dining area with ocean views, and leading out to a beautiful garden area, and a fully equipped kitchen. This complex offers both a lifestyle and potential to increase the net profit. Images might not depict this complex.
To arrange an inspection please call: Gavin - 08854 or email:
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
More Information
- Total Purchase Price: $2,900,000
- Net Income: $ 518,500
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 990,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.7
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?