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What An Opportunity 1.2 Multiplier
$550,000
Resort / Holiday management rights, Trinity Beach QLD
Perfect for first time buyers or as an add on to existing operators. Sustainable mixed letting in a great location.
Well presented, easily run, one bedroom and studio apartment complex in beautiful Trinity Beach.
A short walk to one of Cairns favourite beaches, and to the local shopping centre.
The spacious managers unit has 3 bedrooms and a large private patio.
On title is also a large office/reception area.
Long term Body Corporate Agreements and new Appointments with all owners are in place.
Opportunities abound and astute management will significantly improve the profitability here and benefit accordingly.
Body corporate approval for pets.
Ideal for first time buyers or as an add-on for existing operators.
Call Alex now for further details.
More Information
- Total Purchase Price: $550,000
- Net Income: $ 105,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 425,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 1.2
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?