Acquire Prime Accommodation Business - Amazing river views and modern amenities | Resort Brokers ID : MR008413

$3,500,000

Resort / Holiday Management Rights, Thuringowa QLD

ResortBrokers introduces the Itara - Jacana Apartments in Townsville, a prime asset offering river views from all apartments.

This Management Rights property features a cafe operation, boosting net profit and enhancing guest experience. Located near the vibrant Riverway complex and a major shopping centre, it offers diverse accommodation options and has a consistent revenue growth track record.

With efficient, long-term staff, it ensures smooth operations and an easy transition for the new owner.

- Prime asset offering river views from all apartments
- Cafe operation enhancing guest experience and boosting net profit
- Located a short walk from the vibrant Riverway multi-faceted complex
- Track record of consistent revenue growth
- Diverse accommodation options catering to a wide range of guests
- Efficient, long-term staff ensuring smooth operations and easy transition
- Strategically located near a major shopping centre
- Situated in a strong regional Queensland town
- Inspections by appointment only

Video Presentations
Cafe at Riverway:https://vimeo.com/1003442931Itara Apartments:https://vimeo.com/1003443944Jacana Apartments: https://vimeo.com/1003444820Riverway Precinct:https://vimeo.com/1003445577

Date updated: 03 Nov 2024 22:00:03

More Information

Financial Overview

Total Purchase Price: $3,500,000
Net Income: $ 557,873 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 450,000
_{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: 72
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 20
_{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: 28
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 121
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 229,717
_{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: no set office hours in features
_{Required Office Hours}

Complex Features: There is a swimming pool space between Itara and Jacana but these apartments neighbour the Riverway Community infracture. This incredible infracture houses two swimming pools ( main pool has a life guard on duty 7 days/ week), a kids swimming pool with play ground, fort and gym equipment. BBQ's are spread through the tree lined area. There is an art gallery, library, conference rooms and meeting spaces available for use. There is also a very well maintained sporting venue in this multipart. This space is well supported by the guests of Itara and Jacana as well as the community, this is where the Cafe/coffee shop comes into play servicing not only the guests for Itara and Jacana but also providing a valuable service to the visitors of this multi faceted complex. The opening of the cafe/coffee shop has attracted more stays from corporate clients with the food and beverage facility. The vendors choose to operate the office from Monday to Friday 8-6 and Saturday and Sunday 9-1 as this is what works for them