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Enjoy the Rewards shown as 17.8% ROI on Purchase Price and 53.3% ROI on the Business!!
$1,399,000
Resort / Holiday management rights, Surfers Paradise QLD
This complex offers modern and fully self-contained bigger apartments that are perfect for families and groups. Because these are bigger apartments they offer the accommodation space and facilities that few other complexes can offer. These family friendly apartments are suitable for up to 8 people and are tastefully furnished, including all conveniences one will need to make their stay relaxed, comfortable and enjoyable. Unlimited WIFI included.
This complex is located only meters from the golden beaches of Surfers Paradise and is in a tropical garden setting. The complex facilities mean one can enjoy the best the Gold Coast has to offer all year round.
NO SET HOURS!! NO NEED TO LIVE ONSITE!! LONG TERM AGREEMENTS!! LOW MULTIPLIER!!, EXCELLENT SYSTEMS IN PLACE!!
Spacious and Comfortable 3-bedroom, 2-bathroom manager's apartment with one bedroom being used as the office with a separate entrance, laundry, spacious kitchen, huge lounge area leading out to a private patio and overlooking the pool area. One secure undercover parking bay. Images depict venues within close proximity to this complex.
To arrange an inspection please call: Gavin
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
More Information
- Total Purchase Price: $1,399,000
- Net Income: $ 250,000
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 930,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 1.9
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?