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$333,723 High Return with 2.29M - ID 9154
$2,290,000
Resort / Holiday management rights, Surfers Paradise QLD
Mixed Management Rights for Sale
Huge Growth Potential with Simple Work
Are you looking for a smaller investment with a larger return?
- Simple job with easy tasks, and most of the garden work is covered by the Body Corporate.
- Stable, high Body Corporate salary of $112,000 with CPI increases.
- Extremely high net profit: $333,723.
- Strong holiday bookings in a highly sought-after, convenient location.
- Long-term 25-year agreement, with 24 years remaining.
- Rental mix with a very small percentage in the letting pool (26 total: 17 holiday, 9 permanent), offering security for your earnings. 15 units under outside agents, providing great income growth potential.
- Over a decade of established business with a solid foundation.
- Located in the centre of the Gold Coast, with everything within walking distance including a beautiful beach, shops, restaurants, entertainment areas, and public transport ensuring stable, high-demand holiday bookings and continuous income.
- Excellent managers residence with 2 bedrooms, 1 bathroom, and secure underground parking for 1 car.
- Exclusive-use professional office and reception area with plenty of storage.
Spend Less & Earn More!
If you're looking for a stable, high-income business with more certainty in the best holiday location on the Gold Coast, plus the potential to increase income, this is an opportunity you cant afford to miss.
This opportunity ticks every box, allowing you to generate high profits on a continuous basis.
Net Profit: $333,723
Asking Price: $2,290,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $2,290,000
- Net Income: $ 333,723
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 675,500
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.8
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?