Iconic Yamba Management Rights - ID 8635

$1,995,000

Resort / Holiday management rights, Yamba NSW

Zoned Short Term Letting Only
Booming NSW Location

- Low risk business with no owner occupiers
- Perfect waterfront location
- 22 accommodation units and 3 x 3 bedroom apartments
- All resort units with uninterrupted Clarence River views
- NSW Agreements - 10 & 25 years
- Excellent upside for astute manager
- Note: No stamp duty on NSW Management Rights business
- Perfect two person operation
- 2 bedroom, 1.5 bathroom manager's residence with 2 car spaces, one carport covered
- Commercial kitchen, linen rooms (both floors), storerooms, laundry, tool shed

Net Profit: $331,000
Asking Price: $1,995,000
(Inclusive of manager's real estate)

More Information

Financial Overview

Total Purchase Price: $1,995,000
Net Income: $ 331,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 680,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.0
_{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: 25
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 2
_{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: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 29
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 44,847
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 0 years
_{How long is the caretaking contract.}

Agreement Remaining: 0 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: As per agreements
_{Required Office Hours}

Complex Features: Swimming pool, Spa,Guest laundry, Private jetting, Large BBQ and common entertainment area, Grassed area overlooking the Clarence River

Real Estate Component

Manager's Unit: 2 1

Included Real Estate: $ 680,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

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

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: 2 bedroom managers residence, 1 bathroom, Separate toilet, High ceilings, Air conditioning, Ceiling fans, Island bench in kitchen, 2 parking spaces on title 1 covered