649

Management Rights
For Sale

Motels / Hotels
For Sale

Caravan Parks
For Sale

800

Investment Property
For Sale

Exclusive

A Beautuful Beachfront Property

$2,950,000

Resort / Holiday management rights, Trinity Beach QLD

Stunning, Contemporary and Beachfront.
Very well presented four star beachfront property.
One of the best I have had the opportunity to market.
Comprising two, three and four bedroom apartments, nicely upgraded and fully equipped with quality fittings including the two bedroom managers unit.
Perfect flexibility for all guests.
This property enjoys a top beachfront location, with all apartments facing the beach - and the property has impressive street appeal.
Excellent well priced business and a property that is well worth viewing.
Great business with excellent profitability.
Office on title, good agreements, good salary and most of units in the letting pool.
Good salary of $65,000 exclusive of GST.
The business operation is fully set up, complete with onsite management who reside onsite.
This property certainly ticks all the boxes and here is the opportunity to really live the tropical dream.

More Information

Financial Overview

Total Purchase Price: $2,950,000
Net Income: $ 515,000 (projected)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 725,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.3
_{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: 21
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 1
_{Number of units resided in by their owners.}

Lock Ups: 1
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 24
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 65,000
_{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: 23 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:
_{Required Office Hours}

Complex Features: Large beachfront resort pool with spa, BBQ Cabana area, Cable TV, Wi-Fi, Tour desk, Lift access, Landscaped gardens Water features, Hire cars, Secure basement parking.

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 725,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: Two bedroom, two bathroom 122m2 including office. Private patio area. Sea views. New carpets, curtains, double door fridge, ceiling fans, oven cooktop.