Beachfront Holiday Resort!

$5,039,179

Resort / Holiday management rights, Coolangatta QLD

Management Rights Holiday Resort perfectly located in the sought after beach Coolangatta.
- Holiday Resort located opposite the beach in Coolangatta and is walking distance to all the Restaurants, Alfresco dining and retail shops, Easy walk to Snapper Rocks surf beach or to Kirra and Tweed Heeds.
The Gold Coast airport is only minutes from the complex.
- Uninterrupted views of the ocean
- 93 Residential lots + 5 Commercial lots
- 25 Holiday Lets
- Fantastic facilities including resort style pool, spa, sauna, gym, community room
- Accommodation module
- Solid remuneration of $212,031
- Net $593,000
- Asking $5,039,179 including Real Estate

More Information

Financial Overview

Total Purchase Price: $5,039,179
Net Income: $ 593,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,660,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 5.7
_{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: 25
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 56
_{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: 10
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 93
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 212,031
_{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: 0 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:
_{Required Office Hours}

Complex Features: 3 x lifts, Resort swimming pool, Spa, BBQ, Community Room, Gym, Sauna, Secure Parking, CCTV

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,660,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

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

Pets: No
_{Can the manager own a pet on site?}

Unit Features: 3 Bedroom, 2 Bathroom 142m2 - Asking \\\$1,450,000Separate office title at ground floor reception 45m2 - Asking \\\$210,000