DRASTICALLY REDUCED - ID 8290

$1,350,000

Resort / Holiday management rights, Sunshine Beach QLD

Sunshine Coast Management Rights For Sale
Noosa Heads & Sunshine Beach At Your Doorstep

- Great size renovated 2 bedroom managers residence over two levels
- All resort units are one bedroom with lounge and kitchen, a perfect couples retreat
- Easy to run by either single person and cleaning staff or couple
- Close to Noosa Heads Hastings Street and Sunshine Beach
- All the work has been done! With all units upgraded to similar standards
- Very popular with couples and return guests
- Majority of units in letting pool 21 of 28
- No fixed office hours
- Agreements recently topped up, expiring 2046
- Fantastic forward bookings
- Occupancy rates from July - September 2024 currently at 35%

Net Profit: $253,046
Asking Price: $1,350,000
(Inclusive of managers real estate)

More Information

Financial Overview

Total Purchase Price: $1,350,000
Net Income: $ 253,046 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 790,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 2.2
_{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: 21
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 7
_{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: 28
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 74,575
_{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: 26 years
_{How long has the management rights existed.}

Office Hours: No set office hours
_{Required Office Hours}

Complex Features: Heated swimming pool, Spa, BBQ facilities

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 790,000
_{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: Double storey, Stand alone residence, Fully renovated with new kitchen and bathrooms, Spacious open plan design, 2 bedrooms, 2 bathrooms, Media room, Pet permitted with Body Corporate approval