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Coral Sea Change - ID 8501
$998,000
Permanent management rights, Clifton Beach QLD
Holiday Management Rights for Sale
Semi Retire in Paradise
- Net income over $127,000
- Caretaker salary $55,000 per annum
- Low 1.6 multiplier
- Fully renovated unit
- Popular beachside village
- Strong and consistent financials
- 18 years left on rights
- Easy to operate
Suit couple wishing to work part time, and semi retire in paradise, or an existing operator who wishes to add on this property to their portfolio.
Net Profit: $127,000
Asking Price:$998,000
(Inclusive of Managers Real Estate)
More Information
- Total Purchase Price: $998,000
- Net Income: $ 127,293
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 800,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 1.6
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?