Proudly supported by all of the industry's leading brokers
Established Management Rights for Sale for the First Time in Over 25 Years
$930,000
Resort / Holiday management rights, Salonika Beach QLD
EXCLUSIVE TO CRE BROKERS. CRE Brokers are pleased to offer the Management Rights of Sea Eagles Beach Resort near Mackay. This is an opportunity to live and work in a beautiful location on Salonika Beach.
The current owners purchased this development off the plan and it was constructed in 1995. A total of 19 units designed with spacious living area, large patio and carport. Manager's residence located the entrance to the property.
Units in Letting Pool : 18
Real Estate Price : $500,000
Business Price : $430,000
TOTAL ASKING PRICE : $930,000
More Information
- Total Purchase Price: $930,000
- Net Income: $ 154,905
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 500,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.8
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?