Time to open up the Atrium with an appealing 15% ROI | Resort Brokers ID : MR008619

$3,300,000

Resort / Holiday Management Rights, BIGGERA WATERS QLD

ResortBrokers presents The Atrium Resort in Biggera Waters, a lucrative management rights business with a net operating profit over $450,000. Situated on Marine Parade, this asset offers a balanced mix of permanent and holiday letting across 66 units. With over 20 years remaining on the accommodation module, it ensures long-term stability. Facilities include a rooftop pool, gym, and tennis court. The managers residence is a two-bedroom unit with an office on title. Ideal for experienced or first-time buyers, this opportunity promises a robust return and a vibrant lifestyle.

- Long-term accommodation module with over 20 years remaining
- Net operating profit exceeding $450,000
- Balanaced mix ofpermanent and holiday letting
- Prime location on the shores of the Broadwater
- Extensive facilities including rooftop pool, gym, and tennis court
- Cozy two-bedroom manager's residence with office on title
- Inspections by appointment only
Date updated: 04 Mar 2025 22:00:02

More Information

Financial Overview

Total Purchase Price: $3,300,000
Net Income: $ 500,450 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 600,000
_{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: 30
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 34
_{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: 1
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 66
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 198,000
_{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: 19 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: 8am to 5pm Monday-Friday 8am to 4pm Saturday 8am to 3pm Sunday
_{Required Office Hours}

Complex Features: Wi-Fi Foxtel Full sized tennis court 2x pool 2x sauna 2x spa 2x BBQ area Games room Gym Intercom Secure gated parking Function meeting room Tour desk