ESTABLISHED MR IN MILTON WITH HIGH $680k+ NET PROFIT | Resort Brokers ID : MR008218

$4,345,000

Resort / Holiday Management Rights, Milton QLD

ResortBrokers presents an outstanding opportunity to secure a thriving management rights asset in Milton's vibrant core close to key amenities, transport, and education. The property is zoned as a Brisbane corporate hotel, a unique feature that prohibits owner-occupiers, ensuring a consistent revenue stream. The property is designed for ease of management, with minimal facilitates, no lawns to mow, and easily maintained gardens.

This lucrative business is backed by a strong body corporate salary of $130k+ and shows an incredible $680k+ net profit and still has plenty of upside for a good operator to increase the bottom line substantially, get in touch today to secure this outstanding business.

- High Net profit and strong BC salary
- Consistently high occupancy levels
- 73 units in the letting pool
- Strategically positioned close to all amenities
- 2-bedroom, 2-bathroom manager's unit
- Features an on-title office and reception
- Multiple storage areas on occupational authority
- No gardens or lawns to maintain
- All inspections by appointment only
Date updated: 22 Dec 2024 22:00:03

More Information

Financial Overview

Total Purchase Price: $4,345,000
Net Income: $ 683,916 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 725,000
_{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.}

Letting Business

Letting Pool: 73
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 74
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 130,358
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 16 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Required Office Hours
_{Required Office Hours}

Complex Features: Gymnasium, Sauna, Onsite Restaurant, Secure Parking Central Cosmo Apartment Hotel overlooks the spectacular Brisbane river and is perfectly positioned on trendy Park Road in Milton. Cosmo is only a 10 minute walk to Suncorp Stadium and is surrounded by an abundance of cafes, restaurants and boutique shops. Mix of studio, one and two bedroom self-contained apartments and caters to the needs of both business and leisure travellers.