Exclusive High Rise Complex!!!

$2,100,000

Resort / Holiday management rights, Main Beach QLD

Exclusive High Rise Complex!!!

This complex is located just steps away from the beautiful white sand beaches of Main Beach and around the corner from the trendy cafes and restaurants of Teddy Avenue. Some images might not depict this complex.

The complex is well maintained, established with landscaped and manicured gardens. The complex is further complemented by extensive and well-presented facilities including indoor and outdoor pools, spa, steam room, a well-equipped gym, full sized tennis court, two barbeque areas, resident lounge, bicycle storage and more...

A light and bright ground floor large 2 bedroom, 2 bathroom plus study (large enough to be converted into a third bedroom) manager's apartment with secure and private wrap around court yards. One secure car space and large exclusive use storage areas.

An incoming manager will inherit a good relationship with the Body Corporate Committee, and will be able to take advantage of the potential to not only increase the pool but sell in the complex.

To arrange an inspection please call: Gavin - 08854 or email:

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

More Information

Financial Overview

Total Purchase Price: $2,100,000
Net Income: $ 255,600 ()
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,000,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.3
_{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: 16
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{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: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 85
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 164,300
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 9 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: M-F:9am to 5pm / Sat:9am to midday / Sun: 9am to 11am
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,000,000
_{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: