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Tropical Beachfront Holiday Rights â ID 9148
$2,375,000
Resort / Holiday management rights, Trinity Beach QLD
Holiday Management Rights for Sale
20% overall Return on Assets deployed
29 of the 40 units are in the Holiday Pool
Full term 25 Year Agreement in place expiring 2049
Gross Revenue more than $850,000 PA
Annual Net Profits more than $450,000 PA
With Ratings of 9.6 on Booking.com and Ranking among the top 10% of listings on Travelers Choice - Tripadvisor in the world
Rights consist of 2 properties with Common boundary and run as one business
Combination of one, two and three-bedroom apartments to cater to a wide market of guests and guest experiences
Spacious ground floor two-bedroom managers apartment, flowing out into a manicured lawn and garden bed with sea glimpses
This property can provide a buyer with an owner operated or a under management solution, with excellent returns under either approach.
Net Profit: Over $450,000
Asking Price: $2,375,000
(Real Estate - $620,000 and Rights - $1,755,000)
More Information
- Total Purchase Price: $2,375,000
- Net Income: $ 450,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 620,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.9
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?