Proudly supported by all of the industry's leading brokers
Tuscan-Themed Resort with $309K Net Profit
$1,835,000
Resort / Holiday management rights, Airlie Beach QLD
Mixed Management Rights for Sale
Wake up to Paradise
- Under current ownership for 17 years.
- Great lifestyle for a management team.
- New 25-year agreements from April 2024.
- 19 spacious well equipped self-catering guest apartments in the letting pool.
- Net $309,703 which includes Body Corporate salary of $110,087 (ex GST).
Fabulous Tuscan themed Management Rights in the heart of Airlie Beach and offering superb views over the Coral Sea and Whitsundays.
Its your choice:
Purchase Management rights and Manager's 3 Bedroom Apartment PLUS office on title
OR
Management Rights business only - Also no requirements to live on site!
Net Profit: $309,703
Asking Price: $1,835,000
(Inclusive of Manager's Real Estate)
More Information
- Total Purchase Price: $1,835,000
- Net Income: $ 309,703
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 755,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.5
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?