Kings Beach Favourite
Business Only $350000
Resort / Holiday management rights, Kings Beach QLD
Looking for a favourite Kings Beach Holiday Apartment complex?
For many years guests have found Kings Bay Apartments to be that location.
No apartment to be purchased
Manager can live off site.
No fixed office hours.
3 level walk-up, ground level is undercover parking
22 Apartments in the complex.
7 Units in the holiday Pool
Occupation Authority over Office plus 4 stairwell storage areas and a tool shed.
Kings Bay Apartments - Kings Beach - Purchase standalone $350,000
Contracts current until November 2039
Management and Letting Agreements 25 years: expires 9 November 2024.
Further 5 year options are available Nov 2024 to 2029, Nov 2029 - 2034, Nov 2034 - 2039
Body Corporate Salary: $49,352.00 PA excluding GST
Net Profit to 30 June 2023 is $126,899.17 (Excluded in NP were Wages for Unit Cleaning of $22,376.92)
For More detailed information please contact the listing agent.
More Information
- Total Purchase Price: Business Only $350000
- Net Income: $ 126,899
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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?