Solid $541K Net Profit and No Real Estate Purchase Required | Resort Brokers ID : MRB008629

$2,975,000

Permanent Management Rights, Birtinya QLD

ResortBrokers is thrilled to introduce a prime business opportunity in Birtinya: the management rights for Broadwater&Saltwater. This impressive asset comprises 180 units, with 87 in the letting pool, yielding a substantial net profit of $541,000 annually. As no real estate purchase is necessary, it provides an attractive 18% return on investment. Situated in a bustling health precinct, the property draws high-quality tenants. The business offers flexible management rights, efficient operations, and long-term security through 25-year agreements. It's an ideal opportunity for hands-on buyers looking for a business-only acquisition in a high-demand area.

- No real estate purchase is required for this business opportunity
- Flexible management rights structure being contactable Monday - Friday, no weekend requirements
- Efficient operations with 25 years on both schemes
- High demand due to Birtinya's thriving health precinct and proximity to Sunshine Coast University Hospital
- Potential for new management to reclaim units and expand the letting pool
- Designed for rentals, offering compact apartments that may not appeal to long-term owner-occupiers
- Growth potential with numerous units managed by outside agents
- Perfect for hands-on management
- Consistent income from BC salary exceeding $290k
- Inspections are by appointment only
Date updated: 25 Feb 2025 16:25:54

More Information

Financial Overview

Total Purchase Price: $2,975,000
Net Income: $ 541,716 (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
_{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: 87
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 49
_{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: 44
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 180
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 294,203
_{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: 20 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: No office hours. Manager is to be contactable between 9am - 5pm Monday to Friday
_{Required Office Hours}

Complex Features: Saltwater Resort pool, lockable storage areas to car park, barbecue area, car washing bay, common kayak/canoe/bicycle storage facility, visitor car parking, security controlled main entry gates and car park entrance Broadwater Tropical lagoon pool, lockable storage areas to car park, car washing bay, barbecue area, common kayak/canoe storage facility, visitor car parking, security controlled main entry gates and car park entrance