STRADBROKE ISLAND MANAGEMENT RIGHTS - ID 9029

$1,695,000

Resort / Holiday management rights, Point Lookout QLD

Management Rights For Sale
Point Lookout - North Stradbroke Island

- Absolute beachfront complex
- Strong letting business
- 29 apartments with 22 in the holiday letting pool
- Public transport right at the front door
- Good Body Corporate with supportive committee
- 21 years remaining on Accommodation Module agreements
- Unique zoning protects Manager's investment - ask for details
- 2 bed, 1 bath manager's residence
- Growing family needs means experienced manager's are wanting to move on

Nestled amongst the melaleucas on the dunes of Home Beach, this is the only resort enjoying an absolute beachfront location on beautiful North Stradbroke Island - affectionately known as 'Straddie' by visitors and locals alike. This well established holiday accommodation business represents a rare opportunity to strike that work/life balance so often sought but seldom found.

This business continues to enjoy strong growth as many visitors are discovering the island for the first time while seeking out local tourism destinations.

Motivated vendors have priced this business to sell.

Net Profit: $253,115
Asking Price: $1,695,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this North Stradbroke Island Management Rights business for sale contact:

Management Rights Broker
Peter Ross

More Information

Financial Overview

Total Purchase Price: $1,695,000
Net Income: $ 253,115 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 700,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.9
_{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: 22
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 1
_{Number of units resided in by their owners.}

Lock Ups: 2
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 4
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 29
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 81,000
_{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: 21 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 40 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Heated pool in Winter, BBQ area, Sauna, Wi-Fi

Real Estate Component

Manager's Unit: 2 1

Included Real Estate: $ 700,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

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

Pets: No
_{Can the manager own a pet on site?}

Unit Features: Located on the first floor the managers unit offers 2 bedrooms and 1 bathroom, Open plan design, Conference room and office also on title