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Paradise for Beach Lovers with Excellent Income - ID 8019
Absolute Beachfront Living
Resort / Holiday management rights, Mermaid Beach QLD
Management Rights for Sale
Absolute Beachfront Living
- 100% beachfront lifestyle, year-round.
- Consistently strong and stable bookings with a high percentage of regular, returning customers.
- Body corporate salary of $60,463, with a net profit of $146,142.
- 25 year agreement with 21 years remaining.
- 10 units in the holiday letting pool.
- Modern, spacious manager's apartment with 1 bedroom, 1 bathroom, secure car space, air conditioning, and a 25m front yard.
- Professional reception area with an exclusive and practical office attached on title.
- Efficient Resly software to streamline work and improve productivity.
- Centrally located on one of the best beaches on the Gold Coast.
- Very close to shops, restaurants, public transport, schools, and major shopping centressuper convenient location.
Enjoy this absolute beachfront lifestyle along with great financial rewards. This is an opportunity you can't afford to miss! Upside for potential buyer as P&L of $146,142 was achieved with 8 units in the letting pool, there are now currently 10 in the letting pool.
Net Profit: $146,142
Asking Price: $1,275,000
(Inclusive of Manager's Real Estate)
More Information
- Total Purchase Price: Absolute Beachfront Living
- Net Income: $ 146,142
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
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?