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INCREDIBLE GROWTH OPPORTUNITY - ID 8528
$1,368,000
Resort / Holiday management rights, Surfers Paradise QLD
Holiday Management Rights For Sale
Just Outside the Hustle & Bustle
MR Sales are pleased to present the opportunity to secure this Management Rights business situated in the heart of the Gold Coast. A stunning 3 storey walk-up holiday complex ideally located just outside all the hustle and bustle while still being only a short walk to the beach, amazing restaurants and cafes, shops and public transport, making it a must-stay for families and business people. With 13 holiday apartments in the letting pool and a generous Body Corporate salary of $74,236, this business has a very healthy net profit of just over $195,000. There is also an amazing opportunity to double the letting pool with 13 units currently rented through outside agents, targeting these and applying some strong marketing would generate incredible growth!
- Healthy net profit of over $195,000
- Generous Body Corporate salary of $74,236 (CPI Indexed)
- Low maintenance complex
- Strong letting pool of 13 units
- Opportunity to double the letting pool with 13 units rented through outside agents
- Accommodation Module agreement (20 years remaining)
- Office attached and on title
- Ground floor, 2 bed, 2 bath managers residence with courtyard and secure parking
Looking for a strong holiday complex with incredible growth opportunities? Arrange your inspection now!
Net Profit: $196,845
Asking Price: $1,368,000
(Inclusive of Manager's Real Estate)
More Information
- Total Purchase Price: $1,368,000
- Net Income: $ 196,845
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 568,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.1
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?