PRICE REDUCTION. QUICK SALE WANTED! | Resort Brokers ID : MR008094

$990,000

Resort / Holiday Management Rights, Surfers Paradise QLD

The property is well-presented and operated, with low-maintenance gardens and common property, making this a caretaker's dream. It is the ideal opportunity for a new operator looking to enter the management rights industry, or for an existing business owner looking to expand their portfolio.

With a total of 42 properties in the scheme and 15 in the mixed letting pool, there is considerable opportunity to convert and grow letting potential. The business currently has 19 years remaining on the accommodation module agreements, providing long-term security for the new operator.

- Great location, close to public transport, beaches and cafes/bars.
- Easy to operate with 1 or 3 person team.
- Healthy sinking fund and supportive Body Corporate.
- Includes a spacious, air-conditioned manager's unit with three bedrooms, two bathrooms, a courtyard, and ample storage.
- Established operation with current owner's successful 8-year tenure.
- Perfectly sized for easy maintenance, ideal for first-time operators or as an addition to an existing portfolio.
- Long-term security with 19 years remaining on agreements.
- Opportunity for organic growth.
- Inspection by appointment only.
Date updated: 27 Oct 2024 22:00:03

More Information

Financial Overview

Total Purchase Price: $990,000
Net Income: $ 131,607 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 650,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: undisclosed
_{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: 14
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 18
_{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: 9
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 42
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 72,054
_{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: 19 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Contactable between 8:30amâ 5:00pm Monday to Friday, 9:00am and 3:30pm Saturday and 9:00am and 12pm Sunday.
_{Required Office Hours}

Complex Features: Pool, BBQ area