Top Rated Holiday Management Rights
$2,425,000
Resort / Holiday management rights, Trinity Beach QLD
We are delighted to be appointed to sell this top rated management rights business offering a quality holiday experience at Trinity Beach the favoured location among the northern beaches of Cairns in Far North Queensland. The business comprises the rights over two quality properties. The two properties managed as one, have not once, but several times, attracted top ratings nationwide over recent years reflecting the strong support of their customers. This has underpinned steady repeat bookings.
There are 40 lots in total with 30 in the combined letting pool offering a terrific mix of one, two and three bedroom apartments all continually maintained to meet the exacting needs of international and domestic guests. There is a choice of sea or tropical view and apartments are well appointed to four star standards. Management have astutely prepared marketing plans offering guests a good range of plans and packages to meet most needs. Both properties have elevator service to all floors and the properties are not only less than 30m to the beach, but also within a couple of minutes walk to a choice of fine restaurant, taverns and specialty retail shops. There are excellent on-site pool facilities, off-street under cover parking and attractive garden settings.
Body Corporate agreements currently have a lengthy expiry in 2043. The managers apartment is two bedroom, two bathroom with a private garden setting and there is exclusive use of office facilities, linen rooms, tool sheds and storage.
More Information
- Total Purchase Price: $2,425,000
- Net Income: $ 456,074
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 475,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.3
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?