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The Paradise for Beach Lovers with Excellent Income - ID 8019
$1,310,000
Resort / Holiday management rights, Mermaid Beach QLD
Mixed Management Rights for Sale
Absolute Beachfront Living Offering Peace and Beauty
- 100% beachfront lifestyle, 24/7, year-round.
- Consistently strong and stable bookings with a high percentage of regular, returning customers.
- Body corporate salary of approximately $60,463, with a net profit of $170,598.
- 25-year agreement with 17 years remaining.
- 10 units in the letting pool.
- Modern, spacious apartment with 1-bedroom, 1-bathroom, secure car space, air conditioning, and a 25-square-meter front yard.
- Professional reception area with an exclusive and practical office attached on title.
- Efficient Resly software to streamline work and improve productivity.
- Centrally located on one of the best beaches in the Gold Coast.
- Very close to shops, restaurants, public transport, schools, and major shopping centressuper convenient location.
Enjoy this absolute beachfront lifestyle along with great financial rewards. This is an opportunity you can't afford to miss!
Net Profit: $170,598
Asking Price: $1,310,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $1,310,000
- Net Income: $ 170,598
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 550,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.5
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?