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Management Rights plus Extra Rent Roll in Gracemere QLD
$1,200,000
Resort / Holiday management rights, Gracemere QLD
CRE Brokers is is pleased to be appointed exclusive agents for this fantastic business opportunity in profitable Gracemere.
The business consists of the Management Rights to Lilly Pilly Gardens 2, including a very favourably priced 3 bedroom ensuite residence as well as an additional rent roll of managed properties outside the complex. The business is currently managed by one person with a virtual assistant and 2 contract cleaners and can be easily run by a couple.
The Gracemere location enjoys a high rental demand and is just a short drive from the City of Rockhampton Australia's Beef Capital.
No. of units:
Permanent: 16
Holiday: 20
External rentals: 14
TOTAL: 46 (36 of which are in the letting pool) - Plus external rent roll of 14 properties
Net Profit: $245,963 (Includes Body Corporate remuneration)
Unit Price: $380,000
Business Price: $820,000
Total Asking Price: $1,200,000
More Information
- Total Purchase Price: $1,200,000
- Net Income: $ 245,963
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 380,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.3
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?