Byron Bay Boutique Beachside Lifestyle Business | Resort Brokers ID : MR008358

$2,400,000

Resort / Holiday Management Rights, Byron Bay NSW

ResortBrokers offers exclusive management rights to holiday apartments in the supercharged Byron Bay market with long-term agreements, a true lifestyle business!

Gosamara Apartments is a boutique holiday complex, enviably located in the tourist mecca of Byron Bay, on the beach side of bustling Shirley Street with direct beach access.

With very easy-to-manage facilities, a small letting pool, and low-maintenance gardens, this complex can be easily managed by a solo operator or as an add-on business - a great extra income stream for a local operator.

Byron Bay is simply the most desirable location on the East Coast, with an incredible growth rate over the past five years driven by the desire for that beach village lifestyle. Here is the perfect chance to invest in this thriving beach town and carve off your own slice of paradise to make it yours.

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Boutique holiday complexin the tourist mecca of Byron Bay

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Incredible location on Shirley Street with direct beach access

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12 holiday let apartments (6 x dual key)

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Renovated manager’s unit that drives extra income

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Office/reception at complex entrance is on-title

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Long term agreements

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Property inspections are by appointment only

Date updated: 03 Nov 2024 22:00:03

More Information

Financial Overview

Total Purchase Price: $2,400,000
Net Income: $ 253,345 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,300,000
_{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.}

Letting Business

Letting Pool: 6
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 7
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 22,879
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: No office hours
_{Required Office Hours}

Complex Features: Pool, spa and direct beach access

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,300,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 0

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: no
_{Can the manager own a pet on site?}

Unit Features: renovated 3 bed, 2 bath duel key apartment