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Surfers Paradise Management Rights - Your Exclusive Opportunity Awaits
$2,934,000
Resort / Holiday management rights, Surfers Paradise QLD
Situated in the vibrant heart of Surfers Paradise, a mere 50 meters from pristine beaches and a short stroll to the bustling Cavill Avenue, an exceptional opportunity awaits to acquire this lucrative Management Rights business.
This high-rise apartment complex features a range of fully self-contained airconditioned one and two-bedroom apartments, each boasting ocean views and private balconies.
Attracting holidaymakers seeking a memorable getaway, the complex offers amenities such as a Heated Outdoor Pool, Two Spas, BBQ Area, and complimentary Underground Secure Parking.
The package includes a spacious two-bedroom, two-bathroom ground floor manager's residence with an expansive courtyard.
Tailored for a dynamic duo, this property, with limited outdoor gardens, provides a unique setting. For those desiring weekends off, the profit and loss statement account for an additional staff member, assisting with weekend reception duties.
Bolstering the appeal is a supportive and active Body Corporate Committee, and a recent extension of the agreements for another five years underscores the stability and longevity of this investment.
Call me today to discuss this amazing opportunity.
Net Profit: $446,345
More Information
- Total Purchase Price: $2,934,000
- Net Income: $ 446,345
(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: 5.1
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?