High-net beachside MR in supercharged Byron Bay market | Resort Brokers ID : MR007977
$2,750,000
Resort / Holiday Management Rights, Byron Bay NSW
ResortBrokers presents an exceptional opportunity to acquire the management rights to Outrigger Bay Apartments, a boutique resort with direct beach access, located in the highly sought-after, tourist hotspot of Byron Bay, NSW.
The Outrigger operates on 100% holiday letting, it is a consistently high performer, boasting a solid occupancy rate and strong forward bookings and ADRs, making it a lucrative investment.
On the back of STRA resolving the changes to cap Air B'nB type accommodations, Byron Bay Management rights properties are set to thrive, savvy investors should be quick to pounce on this one!
- Incredible Net Profit over $453,000
- Prime asset in the highly coveted Byron Bay market
- Stellar performer with 68% occupancy and robust future bookings
- 100% fully dedicated to short-term holiday letting
- Oasis style boutique resort with direct beach access
- Modern, easy-to-manage resort facilities& caretaking duties
- Significant potential for additional event income
- Secure investment with renewed 10-year agreements
- Strong support and rapport with the Body Corporate
- Inspections by appointment only
Date updated: 03 Sep 2024 23:00:01
More Information
- Total Purchase Price: $2,750,000
- Net Income: $ 453,317
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 800,000
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?