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VALUABLE HOLIDAY BUSINESS
$1,368,000
Resort / Holiday Management Rights, SURFERS PARADISE QLD
A lovely 3-storey walk-up building in Surfers Paradise, located in an especially peaceful part of paradise. The one-bed room units, make it easily to secure bookings and maintain revenue for investors in the holiday letting pool.
A healthy term of 19 years remains on the Management Rights Agreement. Body Corporate salary is a rewarding $77,000 + GST, increasing according to CPI each year. Current total net income is over $207,000 with multiplier of around 3.5!
The manager's unit is the only 2-bedroom, 2-bathroom unit in the building, featuring a renovated ensuite, 2 car spaces, a good-sized office attached and a private backyard. It is also a pet friendly building.
This holiday business is also attractive to local travellers and businesspeople, as it is within walking distance to the beach, and close to Star Casino, Pacific Fair Shopping Centre, Cavill Avenue, and the Gold Coast Convention Centre via nearby G-link tram station.
Does this valuable central Surfers Paradise Management Rights business appeal to you? Then you are more than welcome to arrange an exclusive inspection with me!
More Information
- Total Purchase Price: $1,368,000
- Net Income: $ 207,533
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 630,000
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?