Alex Beachfront

$1,695,000

Resort / Holiday management rights, Alexandra Headland QLD

Well maintained business located opposite the beach
Walking distance to the famous Alex and Maroochydore Surf Clubs, plus shops, cafes, restaurants, parks and transport
Excellent systems in place with upside in growing the letting pool
Long agreements
Excellent body corp salary
Harmonious committee
Low unit value

More Information

Financial Overview

Total Purchase Price: $1,695,000
Net Income: $ 275,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 765,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.4
_{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: 22
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 6
_{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: 8
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 37
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 86,914
_{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: 0 years
_{How long has the management rights existed.}

Office Hours: None prescribed
_{Required Office Hours}

Complex Features: Heated pool, under cover secure parking, BBQ area

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 765,000
_{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: Yes
_{Can the manager own a pet on site?}

Unit Features: Renovated 3 bedroom, two bathroom unit. Features a spacious and light-filled living area, with large windows allowing natural light to flood the space. The open-plan kitchen and dining area is perfect for entertaining, while the balcony offers a great spot to sit back and enjoy the sea breeze.