Mooloolaba Central

$2,175,000

Resort / Holiday management rights, Mooloolaba QLD

Raffles Mooloolaba is perfectly situated in the heart of Mooloolaba, just a short stroll from the main Mooloolaba Beach. This resort represents a rare opportunity to secure a thriving business in a prime location, offering a perfect blend of lifestyle and income potential, with 4 units new to the letting pool that will see the net profit grow substantially. Agreements just topped up to 25 years

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Financial Overview

Total Purchase Price: $2,175,000
Net Income: $ 317,779 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 800,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.3
_{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.}

Letting Business

Letting Pool: 25
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 2
_{Number of units resided in by their owners.}

Lock Ups: 1
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 1
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 30
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 58,203
_{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: 25 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 2001 years
_{How long has the management rights existed.}

Office Hours: Contactable
_{Required Office Hours}

Complex Features: Heated pool and spaCovered BBQ areaLift access to all levelsSecure under cover parkingAirconditioning to all unitsCable TV

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 800,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: The managers residence is a fully renovated two-bedroom unit featuring an ensuite bathroom, airconditioning, and a large private courtyard, offering a comfortable and practical living space. The attached office has also been fully renovated