Proudly supported by all of the industry's leading brokers
Easy to Operate Absolute Beachfront Property - ID 8879
$1,695,000
Resort / Holiday management rights, Clifton Beach QLD
Holiday Management Rights for Sale
Absolute Beachfront Property with Coral Seas Views
- Sizable letting pool making it one of the largest sizes in the area
- Excellent networks in place and high volume of holiday and corporate clients.
- Easy to manage stable business with attractive easily maintained grounds, and street frontage
- Saltwater heated pool, complemented by shady gazebo and BBQ area.
- Business has all the key ingredients to provide an excellent return on investment, time, and lifestyle objectives.
- Easily toppable 10-year management agreement
- Motivated vendor wishes to fully retire
- Manager approved to reside offsite, with substantial letting revenues for managers residence
- Suitable as a add on property for a local MR owner able to leverage the residence under a rental arrangement or for a couple team wishing to enjoy a great semi-retirement business & lifestyle.
- Tropical 20m lap pool, lift, BBQ, Wi-Fi, tour office, undercover parking, landscaped gardens.
- Blue chip location on Worlds Best Beach as voted by Conde Naste 2024
With the ability to live off site, the managers unit could fetch $50,000 PA, bringing the return under management to around $350,000, giving an overall yield on investment of 20%.
Net Profit: $293,000
Asking Price: $1,695,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $1,695,000
- Net Income: $ 293,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 645,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.6
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?