A Prime Mixed Management Rights in the heart of Main Beach | Resort Brokers ID : MR008689

$3,600,000

Permanent Management Rights, MAIN BEACH QLD

ResortBrokers is delighted to bring to market a prime business opportunity in the heart of Main Beach. This management rights business offers a 20-year accommodation module, ensuring long-term security. The complex features 83 apartments, 26 in the letting pool and resort-style amenities, including pools, a tennis court, a gym, a sauna, and a barbecue area. The managers residence is a modern three-bedroom apartment. With a net operating profit exceeding $470,000 circa and a 13% return on investment, this is an ideal opportunity for experienced operators or those eager to enter the industry.

- Prime location in the heart of Main Beach
- Resort-style amenities, including indoor/outdoor pools, barbecue area, tennis court, gym and sauna
- Convenient contactable hours; Monday to Friday 8.30am - 4.30pm, Saturday 9am-12 noon
- Spacious manager's residence: three bedrooms, two bathrooms, one car space, large patio and with separate office entry
- Net Operating Profit exceeding $470,000 circa
- 20-year accommodation module topped up in 2024
- Just one block from the beach
- Inspections are by appointment only
Date updated: 15 Apr 2025 23:00:02

More Information

Financial Overview

Total Purchase Price: $3,600,000
Net Income: $ 470,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,100,000
_{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: 26
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 33
_{Number of units resided in by their owners.}

Lock Ups: 13
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 10
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 83
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 163,898
_{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: Contactable 8.30am - 4pm M-F, Sat 9-12noon
_{Required Office Hours}

Complex Features: WIFI, foxtel, tennis court, heated pool and sauna, gym, self kitchen, BBQ area

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,100,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

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: 3 bedrooms, 2 bathroom apartment, Laundry and Lounge/Kitchen/Dining Room. Private alfresco courtyard. There is secure car parking and basement storage.