UNIQUE MANAGEMENT RIGHTS OPPORTUNITY IN BOOMING HERVEY BAY

$1,200,000

Resort / Holiday management rights, Urangan QLD

A unique lifestyle and business opportunity exists for a savvy investor and nature lover to secure this idyllic Management Rights business in booming Hervey Bay.
This exceptional easy to run property offers 36 lakefront cabins 31 of which are included in the letting pool. Surrounded by a tropical nature reserve, daily wildlife encounters include ducks, turtles, and possums making this accommodation choice extremely popular with visitors to the area. With occupancy rates peaking to 98% during whale season the business is highly profitable and currently being offered at a low 3.25% multiplier.
With no set office hours and living only 300m from the beach new owners can expect an enviable work life balance in a serene lakeside location.

- Net Profit $258,000
- Affordable business price $840,000
- Low Multiplier 3.25%
- Great Occupancy Rates
- No Set Office Hours
- Prime Location
- 2x cabins owned by current managers with potential to add one to the letting pool
- Tropical Nature Reserve

Call now to arrange an inspection and secure your slice of paradise!

More Information

Financial Overview

Total Purchase Price: $1,200,000
Net Income: $ 258,130 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 360,000
_{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: 31
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 5
_{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: 1
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 36
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 80,366
_{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: 20 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 44 years
_{How long has the management rights existed.}

Office Hours: No set office hours
_{Required Office Hours}

Complex Features: Swimming pool, BBQs, free parking, Wi-Fi, and landscaped gardens.

Real Estate Component

Manager's Unit: 1 1

Included Real Estate: $ 360,000
_{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: 2 x Lakeside cabins both offering 1-bedroom, large living area. could convert a 2nd bedroom, Balcony over-looking the lake and surrounded by landscaped gardens. Potential to rent out extra managers cabin for extra income