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Exclusive Hotel/Management Rights for Sale in Prime Darwin Location
EOI
Resort / Holiday management rights, Darwin City NT
Overview:
Exclusive Hotel/Management Rights: Ramada Suites Zen Quarter Darwin
Location: 6 Carey St, Darwin
Type: Hotel/Management Rights
Price: Call for Confidentially Agreement
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.
There is a strong Management Team in place and you manage from anywhere.
Key Features
Number of Rooms/Suites:
218 one and two bedroom Apartments
1. Freehold strata ownership of 51 one and two-bedroom apartments (54 keys) plus
2. Commercial strata lots, and residence
a. the Horizen Cafe and Rooftop bar, gym,
b. 4 bedroom Ensuited Kitchen, 2 bars, function area, 6 WC, 360 balcony "Zen Rooftop Lounge"
4. 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 such as sales
All rentals Must be managed from onsite.
Next Step
To request more details you will first need to sign a confidentiality agreement
More Information
- Total Purchase Price: EOI
- Net Income: $ 0
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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