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1.13 Multiplier in Gold Coast - ID 7829
Huge Income Upside Potential
Resort / Holiday management rights, Mermaid Beach QLD
- 1.13 Multiplier on the Gold Coast amazing deal due to sellers commitment to another business
- Rare genuine sale opportunity in the Gold Coast market
- Stable Body Corporate salary of $45,245 + CPI increases annually
- High year-round booking rates and strong demand
- High net profit of $97,129
- Small rental pool of 5 units 3 holiday and 2 permanent rentals, plus 6 managed by outside agents
- Huge potential to increase income by converting permanent rentals to holiday lets and expanding the rental pool
- 25-year agreement with 17 years remaining, offering long-term security
- Boutique, modern apartments featuring 2 bedrooms, 2 bathrooms, 1 secure car space, large living/dining area, modern kitchen, private balcony, and air-conditioning
- Professional office on title for easy onsite management
- Prime, convenient location close to shops, tram stop, beach, restaurants, pharmacy, medical centre, and major shopping centre
- Total asking price: $1,100,000, including the modern 2-bedroom managers apartment at Mermaid Beach
Net Profit: $97,129
Asking Price:$1,100,000
(Inclusive of Managers Real Estate)
More Information
- Total Purchase Price: Huge Income Upside Potential
- Net Income: $ 97,129
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 990,000
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?