Holiday Management Rights Surfers Paradise
$2,195,000
Resort / Holiday management rights, Surfers Paradise QLD
An opportunity exists for a savvy operator to capitalise on this long established Surfers Paradise Management Rights business. The current owner has been operating this since 2014.
Centrally located in Surfers Paradise, this Management Rights complex is situated in a prime tourist location. A popular spot for holiday visitors due to being a short stroll to Cavill Avenue, beach, shopping, cafes, restaurants and its accessibility to the tram line.
Offering a mix of one, two and three bedroom fully self-contained airconditioned apartments, all featuring a private balcony with either an ocean, mountain or river view.
With a supportive Body Corporate, this complex has just undergone a major refurbishment of their Tennis Court, Undercover BBQ area and Sauna/Public amenities area. Added to this is a newly installed intercom system. The complex also features a Pool, Spa, Gym and underground secure parking.
Included is a ground floor airconditioned managers unit comprising of two bedrooms, one bathroom, seperate laundry, one car space plus four storage areas for management.
Much of the hard work has already been completed, however with 18 outside agents there is huge potential to grow this business even further!
Net Profit: $330,230
More Information
- Total Purchase Price: $2,195,000
- Net Income: $ 330,230
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 535,000
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?