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Rare Redcliffe Management Rights Opportunity - Prime Holiday Beachfront Location
$2,450,000
Resort / Holiday management rights, Redcliffe QLD
This is a rare opportunity to secure a thriving holiday management rights business in a modern, low-maintenance beachfront building in Redcliffe. Generating an impressive net profit of $363,531, which includes a body corporate salary of $62,347 + GST (with annual CPI increases), the business is supported by 19 high-return holiday rentals and one permanent let.
Key Highlights:
* No Set Office Hours
* 20 years remaining on the agreements
* 15k Allocated for additional reception wage
* Resort Facilities including Heated Outdoor Pool, Gym, BBQ Area and Secure Parking
* Walking distance to an array of cafes, restaurants, supermarket and beachfront markets
* Letting Pool 20
The managers residence is a true highlight a fully airconditioned, spacious and stylish three-bedroom, two-bathroom apartment featuring two car spaces and two private courtyards. Offering flexibility, the unit can be configured as a two-bedroom, one-bathroom managers residence with a separate self-contained one-bedroom, one-bathroom studio that can be added to the holiday letting pool to further boost income.
Set in a prime beachfront position, the property combines first-class lifestyle with strong, reliable returns with revenue growth month on month and year on year.
Call Craig today to discuss this fantastic lifestyle opportunity.
Net Profit: $363,531
Property Code: 97
More Information
- Total Purchase Price: $2,450,000
- Net Income: $ 363,531
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 940,000
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?