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Profitable Cairns Holiday MR with Large Residence - ID 9152
All Offers Above $990,000
Resort / Holiday management rights, Woree QLD
Holiday Management Rights for Sale
Established Business in Prime Tourist Location - Offers Above $990K, Returning 27.1% Return on Capital Deployed
- Prime Location: Situated on the southern side of Cairns, one of Australia's top tourist destinations.
- Consistent Growth: Over a decade of steady performance and high occupancy rates.
- Total Units: 29 (excluding the Manager's residence).
- Letting Pool: 18 units available for letting.
- Rental Residence: Spacious 1-bedroom unit with office on title
- Rental Residence: Spacious Motel Suite with Ensuite and Walk in Robes
- Additional Residence: Totalling 2 bedrooms, 1 sitting room, 1 lounge, 3 bathrooms, and Kitchen
- High Occupancy Rates: Reflects the property's strong appeal and successful operation.
- Established Business: A well-established accommodation business with a proven track record.
This opportunity presents an attractive combination of a profitable business and a high-value real estate asset, ideal for investors or operators looking to capitalise on Cairns' tourism-driven market. With a traditional multiple of 2.6, this management rights business offers an excellent entry point into the MR industry.
Seize this prime investment opportunity and enjoy a profitable upside of the additional rental in this venture in a highly sought-after location!
Net Profit: $188,951 from Managers Renumeration and Letting Pool
+ $80,000*, from the additional rental space available.
*$268,951 PA, the property is designed to split the current 4 bedrooms into 3 living spaces of which 2 can be let out, lifting Net Profit to $264,000 with the inclusion of these rental spaces.
Asking Price: Offers above $990,000
(Inclusive of manager's real estate)
Returning 27.1% on Capital Deployed.
More Information
- Total Purchase Price: All Offers Above $990,000
- Net Income: $ 188,951
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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