5 star Premium Permanent on the Broadwater | Resort Brokers ID : MR008372

$2,389,500

Permanent Management Rights, LABRADOR QLD

ResortBrokers presents Lumiere, a prime 5 star Management Rights opportunity on the Broadwaters esplanade. This attractive high-net investment offers a return of $227,900 plus GST and Includes a luxurious two-bedroom, two bath manager's residence, Added income from a very manageable letting pool of 13 units. With no office hours and a full 25-year module, this opportunity promises long-term security and a balanced lifestyle.

- Prime management rights opportunity on Biggera Waters esplanade.
- Highly profitable with a net of $227,900 plus GST.
- Luxurious manager’s residence featuring two bedrooms, two bathrooms and two car spaces.
- Resort-style amenities including pool, sauna, gym and barbecue area.
- Efficiently manageable letting pool of 13 units.
- Long-term security with a full 25-year module.
- Flexible management with no office hours.
- Inspection by appointment only.
Date updated: 17 Nov 2024 22:00:03

More Information

Financial Overview

Total Purchase Price: $2,389,500
Net Income: $ 227,900 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,250,000
_{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: 13
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 65
_{Number of units resided in by their owners.}

Lock Ups: 11
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 92
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 178,966
_{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: 25 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: Contactable
_{Required Office Hours}

Complex Features: Swimming pool, sauna, spa, gym and barbecue area

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,250,000
_{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: yes
_{Can the manager own a pet on site?}

Unit Features: