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FLASH SALE! 1.22 Multiplier in Gold Coast - ID 7829
Buy the unit, get the business almost FREE!
Resort / Holiday management rights, Mermaid Beach QLD
Urgent sale for a genuine reason - Buy the unit, get the business almost FREE!
- 1.22 Multiplier in Gold Coast an amazing deal as the manager is transitioning to another business.
- A rare bargain in the Gold Coast market, with a simple and genuine reason for sale.
- High occupancy rates year-round with strong demand, generating a high net profit of $163,231.
- All holiday rentals only 7 units, with 4 managed by external agents.
- 25-year agreement with 17 years remaining, offering significant income growth potential.
- Boutique, modern apartments featuring 2 bedrooms, 2 bathrooms, and 1 secure car space.
- Spacious dining and living areas, a modern kitchen, a private balcony, and air conditioning.
- Professional office on title.
- Prime location close to shops, tram stop, beach, restaurants, pharmacy, medical centre, and major shopping centre.
- Asking price: $1,150,000, including a modern 2-bedroom apartment in Mermaid Beach.
Net Profit:$163,231
Asking Price:$1,150,000
(Inclusive of Managers Real Estate)
More Information
- Total Purchase Price: Buy the unit, get the business almost FREE!
- Net Income: $ 163,231
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 950,000
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?