Luxury Rainbow Beach Apartments

$1,550,000

Resort / Holiday management rights, Rainbow Beach QLD

This boutique resort, comprising 15 luxury apartments, offers a perfect blend of modern amenities and natural beauty. The resorts prime
location, combined with its luxurious accommodations and panoramic views makes this an opportunity not
to be missed. There is also room for growth to further enhance the business's beauty.

More Information

Financial Overview

Total Purchase Price: $1,550,000
Net Income: $ 199,899 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 950,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.0
_{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: 9
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 3
_{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: 1
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 15
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 38,821
_{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: 22 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 2004 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: Infinity pool BBQ areaSecure undercover parkingAirconditioning in all unitsPanoramic views form all apartments

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 950,000
_{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: Large 3-bedroom unit spans 128 square meters and includes ducted air conditioning, ensuring comfort throughout the year. The residence also features a generously sized alfresco area.