Exceptional Income Potential with Luxurious Residence
$2,695,000
Resort / Holiday management rights, Broadbeach QLD
Mixed Management Rights for Sale
Experience Excellence in Operation and Lifestyle
- Exceptionally high net profit of $372,263.
- Minimal and straightforward workload.
- Comprises 21 holiday lettings and 2 permanent apartments.
- Secured with a 10-year long-term agreement, 9 years of which remain.
- Substantial Body Corporate salary of $133,154 plus GST, with ongoing growth in line with the Consumer Price Index (CPI).
- Efficiently managed operation, consistently experiencing strong booking demand.
- Features a modern, stunning manager's unit with 3 bedrooms, 2 bathrooms, air conditioning, and a secured parking space.
- Offers a spacious and private office, ample storage space, and is pet-friendly.
- Attractive total price of $2,695,000, inclusive of the exceptional 3-bedroom Manager's Unit.
Ideally situated in a prime location near the beach, shops, restaurants, public transport, and medical centersall within walking distance in a highly desirable, tranquil, and central area of the Gold Coast.
Net Profit: $372,263
Asking Price: $2,695,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $2,695,000
- Net Income: $ 372,263
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,025,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.5
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?