Great Starter Complex
$1,250,000
Resort / Holiday management rights, Noosaville QLD
This well located Complex, situated a short stroll to Gympie Tce and the Noosa River, is easily run by one person. A very comfortable Managers Apartment comes with the business, with a great 1st floor deck to relax on.
The current managers have a Contract to supply Units to a corporate client worth over $32,000 over the next 12 months, as well as being the only property in Noosa that is part of the "Golden Circle" Group, which gives them another marketing "channel".
Great facilities, very comfortable and affordable Units
More Information
- Total Purchase Price: $1,250,000
- Net Income: $ 150,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 700,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.7
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?