Opportunity for Experienced Active Equity Managers on Southern Gold Coast

$1,260,000

Resort / Holiday management rights, Tugun QLD

A great Management Rights opportunity presents for Experienced Active Equity Managers to take over the day-to-day management of this beautiful Southern Gold Coast resort. This well-established beachfront property is located in the popular suburb of Tugun.

A 30% share is available for an active management team/couple. The equity required is $478,500 (total cost of share -$1,260,000) for a return of approx. $165,000 pa (this figure includes the managers salary of $100k for a managerial couple plus return on equity invested of approx. $65k) which equates to a 35% ROI. *Please note a larger share is available for the right purchaser.

As part of this package, the active managers are also provided with a beautifully renovated managers unit consisting of three bedrooms plus two-bathrooms on the ground floor opposite the beach.

This resort offers an extensive range of facilities catering to every holiday maker wish list including Heated Outdoor Pool & Spa, Sauna, Gym, 2x BBQ Areas, direct beach access and secure underground parking and gated entry.

Located in the heart of the beachside village of Tugun walking distance to a great array of fantastic restaurants cafes, bars, shopping facilities and only 5 minutes to the Gold Coast Airport. This is a popular location for those who are wanting to live and work beachside in one of the up-and-coming beachside locations on the Gold Coast.

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More Information

Financial Overview

Total Purchase Price: $1,260,000
Net Income: $ 551,636 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,100,000
_{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.}

Letting Business

Letting Pool: 47
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 74
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 113,861
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 21 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: As per Agreements
_{Required Office Hours}

Complex Features: This resort offers an extensive range of facilities catering to every holiday maker wish list including Heated Outdoor Pool Spa, Sauna, Gym, 2x BBQ Areas, direct beach access and secure underground parking and gated entry.

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,100,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Beautiful fully renovated 3-bedroom 2-bathroom apartment, open plan living with front and rear balconies.1 car space with generous exclusive use storage areas. Reception and back-office on title, direct access from managers apartment.