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BRAND NEW HIGH QUALITY MIXED USE MANAGEMENT RIGHTS OVERLOOKING KIRRA BEACH | Resort Brokers ID : MRB008362
$787,000
Resort / Holiday Management Rights, COOLANGATTA QLD
This is an opportunity to secure a uniquely positioned, brand new mid-rise apartment complex in a burgeoning coastal location. Located in the renowned surfing mecca of Kirra, surrounded by fantastic established and newly emerging amenity this new business-only management and letting rights will be highly coveted! Be quick to book an inspection.
- Nearly completed construction - brand new business-only management rights in Kirra
- Permanent& short-term letting permitted (some owners interested to join a short-term pool)
- Nearing completion in Oct 2024 with new 25 year C&L Agreements
- Projected net profit of $168,239p.a.
- Based on 15 units in the onsite letting pool (6 other owners to confirm)
- No set office hours and no requirement to live onsite
- Lobby / reception on ground level
- 12sqm freehold title office lot for manager - priced at $72,000
- Body Corporate salary over $103,909 p.a. plus GST
- Prime headland position overlooking the most iconic surf beach of the southern Gold Coast
- Total of 46 stunning apartments, with 2-bed + MPR and 3-bedroom floorplans
- Communal facilities including pool, cabanas, sauna, gym and yoga lawn
- Private dining, kitchen and boardroom facility, plus outdoor seating areas
- All inspection via appointment with agent only
Date updated: 29 Oct 2024 22:00:02
More Information
- Total Purchase Price: $787,000
- Net Income: $ 168,239
(projected)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 72,000
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?