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Absolute Beachfront Management Rights Opportunity in Tugun
$850k MR&$975k Unit = Total $1.825M
Resort / Holiday Management Rights, TUGUN QLD
Seize this rare opportunity to own a management rights business with direct access from the manager's apartment straight to the beach in the heart of Tugun. After a long and successful tenure, the current owners are ready to retire, offering you the chance to take over a well-established business with a strong client base of repeat guests and solid future bookings.
All apartments have been beautifully renovated, and the property enjoys excellent relationships with both the unit owners and the Body Corporate. With 23 years remaining on the Accommodation Module, this is a fantastic chance to live and work in a prime beachfront location while earning over $202k in net profit annually.
The manager's unit has also been tastefully renovated and features a wonderful outdoor area, perfect for relaxation. The building offers an ideal balance of work and lifestyle, making it a must-see for anyone looking to invest in beachfront management rights.
Net Profit: $202,000
Business Price: $850,000 @ 4.2x
Unit Price: $975,000
Total Price: $1.825M
Remaining on Accommodation Module: 23 years
Inspect today! Contact Kerrie Lush at 93 or .
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $850k MR&$975k Unit = Total $1.825M
- Net Income: $ 202,676
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 975,000
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.
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?