Prime Headland Position

$1,630,000

Resort / Holiday management rights, Alexandra Headland QLD

Reminiscent of an idyllic Greek island resort, with only landscaped gardens and parkland between the property and the pristine beach, this resort offers 36 spacious, one-, two- and three-bedroom apartments boasting picturesque views of the ocean, garden or swimming pool, and resort-style facilities.
This rare business opportunity is one to take advantage of whether youre a newcomer to the management rights sector or an experienced operator looking for an established and profitable operation.

A simple and straight forward business model with excellent systems in place
Low real estate value and therefore excellent ROI
A generous body corporate salary
Opportunity to grow the rental pool with high guest return rate
Historical maintenance record

More Information

Financial Overview

Total Purchase Price: $1,630,000
Net Income: $ 290,069 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 650,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.4
_{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: 29
_{Number of units the manager is authorised to manage.}

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

Units In Complex: 36
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 95,643
_{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: 22 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:
_{Required Office Hours}

Complex Features: â¢ Large outdoor lagoon-style swimming poolâ¢ Indoor heated swimming poolâ¢ Saunaâ¢ Half-size tennis courtâ¢ Undercover barbecue areaâ¢ Games roomâ¢ Secure undercover parking

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 650,000
_{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: Managers ResidenceThe managers unit is spacious and airy, featuring two comfortable bedrooms and a study or smaller bedroom with two-way bathroom. The apartment has been stylishly renovated throughout, boasting a new kitchen and flooring. The apartment is also fully air-conditioned. OfficeThe air-conditioned reception/office is on title and offers a professional welcome and business hub for the property. Additional exclusive-use areas include two large management storage facilities and a car park.