Proudly supported by all of the industry's leading brokers
PRICE REDUCTION - High-Income Accommodation&Event Venue | Resort Brokers ID : FH008315
$7,500,000
Motel (Freehold) hospitality, MIDGINBIL NSW
ResortBrokers exclusively unveils the Midginbil Hill Resort, a thriving wedding and resort venue in the serene Tweed Valley. Occupying 92.8 hectares of prime land, this investment opportunity generates a net profit of $838,684. Accommodating up to 170 guests, the resort is nearly fully booked for the next year, indicating a robust business model. With significant infrastructure in place and potential for expansion, this resort is a lucrative investment. Conveniently located less than an hour from Gold Coast Airport and Byron Bay, it's a lifestyle change waiting to happen.
- Idyllic lifestyle and highly profitable business
- Opportunity to expand operation
- Well established and booked up to a year in advance
- Significant infrastructure already in place
- Demand from guests exceeds supply, opportunity to expand
- Stunning grounds in sought-after Tweed Byron Hinterland
- 10 minutes to town and under 1 hour to Gold Coast International Airport
- Close to Gold Coast and Byron Bay
- Inspection by appointment only
Date updated: 19 Jan 2025 22:00:02
More Information
- Total Purchase Price: $7,500,000
- Net Income: $ 838,684
(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
This is the approximate number of years the business' revenue would pay for the business component.
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.
Are there any set office hours stipulated in the contract?
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?