Easy To Operate Management Rights in Paradise - ID 8696

$795,000

Resort / Holiday management rights, Cannonvale QLD

Holiday Management Rights For Sale
Absolute Beachfront Property with Coral Sea Views

- Location: Airlie Beach, a prominent tourist hub, offering access to the Whitsunday Islands.
- Business Type: 20-apartment complex 14 apartments in the holiday letting pool.
- Body Corporate Salary: $42,012 annually (indexed to CPI).
- Remaining Agreement Term: 23 years (Accommodation Module).
- Facilities: Pool, entertainment area with beachfront views, onsite parking
- Potential for Growth: Opportunity to increase the number of apartments in the letting pool.

With excellent networks in place and a high volume of corporate clients this waterfront management rights business in Airlie Beach, offers a lifestyle opportunity along with a profitable enterprise, all easy operable by a couple in semi retirement. An attractive investment of only $795,000.

Net Profit: $123,000
Asking Price: $795,000
(Inclusive of Manager's Real Estate)

More Information

Financial Overview

Total Purchase Price: $795,000
Net Income: $ 123,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 400,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.2
_{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: 14
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 3
_{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: 1
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 20
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 42,012
_{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: 40 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Pool, Entertainment area with ocean views, Onsite parking

Real Estate Component

Manager's Unit: 2 1

Included Real Estate: $ 400,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

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

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Two bedroom unit over two levels, One bathroom, Two toilets, Large balcony which is great for entertaining or just simply sitting and enjoying the view. Functional kitchen with all appliances, Office attached and on title, Ceiling fans and air conditioning units, Single undercover car parking, Large storage area.