Proudly supported by all of the industry's leading brokers
Exclusive - Own a Coastal Accommodation Gem in Metung, Victoria! - ID 9097
$925,000
Resort / Holiday management rights, Metung VIC
Victoria Management Rights for Sale
Seize the Opportunity to Thrive in Picturesque Paradise
Unlock a golden opportunity to own a premier management rights business in the heart of Metung, Victoria. This picturesque paradise boasts 10 motel rooms, 4 self-contained apartments with private courtyards and spas, and a spacious two-bedroom manager's residenceall designed for open-plan living.
Prime lakeside positioning near Lake King and Bancroft Bay makes this 4-Star AAA rated accommodation business an irresistible venture. Gippsland Lakes, Australia's largest inland waterway, sets the breathtaking backdrop for your thriving investment.
Key Features:
- 10 Motel Rooms
- 4 Self-contained Apartments
- Private Courtyards with Spas
- Two-Bedroom Manager's Residence
- Lakeside Location near Lake King and Bancroft Bay
Elevate your lifestyle and financial portfolio with this turnkey management rights business. Immerse yourself in the charm of Metung and become the proud owner of a flourishing coastal haven.
Net Profit: $154,938
Total Asking Price: $925,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $925,000
- Net Income: $ 154,938
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 575,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.3
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.
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?