$422,000 INCOME
$3,100,000
Resort / Holiday Management Rights, MAIN BEACH QLD
Priced to Sell. Nets over $422,000!
Main Beach Management Rights tower in the heart of the Gold Coast. Stunning beachside views!
You have the luxury of living off-site, should you choose, with an on-site nominee. Caretaking services to the Body Corporate offer a Salary of $158,000 increasing annually by CPI over the remaining contract term of 23 years.
The Manager's apartment is a spacious with 2-bedroom, 2 bathroom, court yard and one secure car space.
With this business currently run under management there is certainly an upside for further improvement on the already impressive Return on Investment.
The Hi-Rise itself consists of quality self-contained 2-bedroom apartments. Whilst business has a mix of both holiday and permanent residents soaking in the full suite of resort-like facilities within the complex. Offering indoor and outdoor pools, BBQ, sauna, gym, squash and tennis courts the residents are certainly spoilt.
Enjoy a sunset stroll, an early morning walk on the beach or fish in the surf. Walk a little further and check out Southport Surf Life savers club, Marina Mirage, boating, shopping and of some of the best restaurants!
DO NOT WAIT. Contact me now......
More Information
- Total Purchase Price: $3,100,000
- Net Income: $ 422,816
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 800,000
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?