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The Gem In The Crown - Cotton Tree , Maroochydore - Management Rights Business For Sale
$2,590,000
Resort / Holiday management rights, Maroochydore QLD
Highly Profitable Business With It's Best Days Yet to Come.
Please click the link below to see "what are management rights ? "
At a Glance
Complex Type: Holiday and Resident Owners
Total Units in Complex: 45
Total Units in Letting Pool: 14
Permanent Rentals: 0
Owner Occupy Units: 11
Outside Agent Units: 0
Lockup Units: 3
Commercial : 16
Managers Unit: 1
Manager Unit: Yes
Pool: Yes
Spa: Yes
BBQ Area: Yes
Pay TV: No
WIFI: Yes
Streaming: Yes
Major projects happening that will see businesses like these grow exponentially in the next decade and beyond.
Immaculate complex with increasing occupancy and strong average nightly rates.
The current managers have done a phenomenal job to build a loyal client base.
14 of the 29 residential units are in the letting pool.
Net Operating Income $352,864 (12 months ending November 2024)
Body Corp. Salary of $110,905 plus GST ideal for a risk profile.
Increased by 3% p.a.
One of the premier locations on the Sunshine Coast
Outstanding income generator.
Complete lift replacement - installed in 2024
Well maintained building and surrounds
Regular return guests - a desirable family holiday building
Corporate guests also support strong occupancy numbers. ( mid week traffic)
The managers unit features 2 Bedrooms, 2 Bathrooms 1 Car on Level 2 , separate from the office, so you can have that level of separation outside of office hours . The home is air-conditioned and offers a large north facing balcony with views to the Maroochydore River .
Major projects happening that will see businesses like these grow exponentially in the next decade and beyond.
*Major accommodation shortages that will increase demand.
*Olympics 2032. Increased numbers leading upto, during and after.
*Exposure on the world stage.
*Greenfield CBD under construction including convention centre, rail to Brisbane, hospital
*International airport completed. Terminal underway.
*Numerous tourist attractions approved.
*Highest internal migration rate in Australia, placing pressure on beds
Major projects happening that will see businesses like these grow exponentially in the next decade and beyond.
Disclaimer:
We have obtained this property information from sources we believe to be reliable however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.
More Information
- Total Purchase Price: $2,590,000
- Net Income: $ 352,864
(actual)
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: 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?