HIGH NET PERMANENT BUSINESS OFFERING EXCEPTIONAL RETURNS | Resort Brokers ID : MR008351
$3,012,005
Permanent Management Rights, MAROOCHYDORE QLD
ResortBrokers has been appointed as exclusive marketing agents to sell the management rights and associated real estate to two side-by-side permanent businesses, operating as one.
Located in a high rental-demand area and offered for the first time since opening in 2014, these businesses offer exceptional returns and flexible living arrangements. The business features 147 three-bedroom, two-bathroom townhouses, with 64 units in the letting pool.
The manager's residence is a large architecturally designed residence fit for a family or a couple wanting that extra space. The residence comprises four bedrooms, two living areas, a private office, two bathrooms, a powder room, storage space, and a double lock-up garage. It also includes an undercover outdoor patio area and a large private backyard for entertaining.
The manager resides offsite with the residence being rented out at $680 per week, in addition to the net profit. With many outside agents, there are opportunities for an astute operator to increase the letting pool.
- No requirement to reside onsite
- Management have just received a 5 year tenure top up to 25 years
- Long accommodation module agreements
- High rental demand area
- Additional income not in financials from rent of managers unit
- $183,777 body corporate salary (combined)
- Opportunity to secure more lettings from outside agents
- Inspections are by appointment only
Date updated: 04 Sep 2024 16:46:41
More Information
- Total Purchase Price: $3,012,005
- Net Income: $ 406,691
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 850,000
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.
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?