GREAT OCEAN RD LUXURY RENT ROLL: IRREPLACABLE LOCATION, SECURE LUCRATIVE INCOME | Resort Brokers ID : MRB008242
$650,000
Permanent Management Rights, Johanna VIC
ResortBrokers is delighted to bring to market a luxury rent roll on the Great Ocean Road with the majority of properties nestled between Wye River and Johanna. This exceptional opportunity has been tightly held for at least two decades, making its availability a rare event. The asset comprises fifty-three short-term properties, the majority of which boast breathtaking ocean views, adding a touch of luxury to the stable letting pool.
This is a great low-maintenance business for an owner-operator or an existing operator looking to take advantage of an additional revenue stream.
The true allure of this opportunity lies in its potential. Huge upside to double the renting pool, offering a chance to significantly increase the net profit, which currently stands at approximately $300,000.
There is tremendous potential for growth and additional income streams by growing the letting pool and exploring other revenue streams by tapping into the tourism market.
This business offers the unique advantage of being able to be run remotely, requiring little hands-on maintenance. This ease of operation, coupled with the stability of the business, makes it an attractive proposition for any discerning investor.
- Luxury rent roll on the Great Ocean Road between Wye River and Johanna
- Net profit circa $300,000
- First time on the market in at least 20 years
- 53 short-term properties in the letting pool
- The majority of properties have ocean views
- Located near the world heritage Twelve Apostles attracting 6 million visitors per year
- Can be run remotely with little maintenance
- Huge upside to double the rental pool and additional income streams
- Inspections are by appointment only
Date updated: 16 May 2024 23:00:02
More Information
- Total Purchase Price: $650,000
- Net Income: $ 300,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 810,000
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.
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?