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Management Rights For Sale Darwin
Sale by Expressions of Interest
Resort / Holiday management rights, Darwin NT
Management Rights Gold Coast - Darwin Northern Territory
Overview:
Exclusive Hotel/Management Rights: Ramada Suites Zen Quarter Darwin
Location: 6 Carey St, Darwin
Type: Hotel/Management Rights
Earnings: $1.676,000
Price: Enquiries to Agent
Description:
Modern Hotel is a well-established, boutique hotel located on the edge of Darwin. With a contemporary design and amenities, this property offers a unique investment opportunity with a strong high occupancy and profitability track record.
Management Rights Business for Sale
4 bedrooms including Ensuite, Kitchen, 2 bars, function area, 6 WC, 360 balcony Zen Rooftop Lounge
Three Areas, Reception, Caretakers Office Zen Quarter Reception Level 3 Horizen Cafe
Income $1.676 Million
Key Features
Number of Rooms/Suites:
218 one and two bedroom Apartments
Freehold strata ownership of a number one and two-bedroom apartments (54 keys) plus
two (2) commercial strata lots,
Horizen Cafe and Rooftop bar, gym,
Strong Hotel Branding with a high-yielding investment record.
Long Letting and Caretaking Agreement to 2039
Ability to acquire or divest more Real Estate within the building
Income from long and short-term lettings, and other diversified sources
Excellent Management Team in Place so can be managed from anywhere
All rentals must be managed from the onsite office
Next Step
To request more details you will first need to sign a confidentiality agreement
More Information
- Total Purchase Price: Sale by Expressions of Interest
- Net Income: $ 1,656,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 4,300,000
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.
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?