Premier High Net Holiday Business in supercharged Byron Bay market! | Resort Brokers ID : MR008547

OFF MARKET LISTING

Resort / Holiday Management Rights, BYRON BAY NSW

ResortBrokers is excited to present an iconic Management Rights opportunity offering exceptional returns circa $504k and consistently high occupancy rates, ideally located in the prime coastal tourist hotspot of Byron Bay.

East on Byron has a total of 30 luxury villas, 23 of which are in the letting pool and is the last short-term building to ever be approved by the council in Belongil, ensuring no further competition and is 100% zoned for tourism and STRA exempt. With topped up 10-year agreements in place, East on Byron provides a secure and profitable venture for the prospective buyer.

If you have been looking for a sea change business, there is no hotter market than Byron Bay, do yourself a favour and move quickly to secure this premier investment in in the highly sought-after Byron Bay area.

- Astounding net profit of approximately $504k
- Flexible management options with no requirement for onsite living
- Fully zoned for tourism with STRA exemption and secure 10-year agreements
- Real estate package includes a one-bedroom unit, office, reception, linen storage room, and car park
- Prime location across from Belongil Beach and a short walk to Byron's centre
- Unique property as the last short-term building approved by council in Belongil
- Prestigious recognition with Booking.com's Traveller Review Award - 9/10
- Property comprises apartments with 23 in the letting pool
Date updated: 07 Jan 2025 22:00:01

More Information

Financial Overview

Total Purchase Price: OFF MARKET LISTING
Net Income: $ 465,143 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 950,000
_{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: 23
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 2
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 2
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 30
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 65,406
_{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: 10 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: Monday to Saturday 8.00 am to 5.00 pm and on Sunday 8.00 am to 3pm
_{Required Office Hours}

Complex Features: Each unit boasts expansive open balconies equipped with BBQ facilities Lagoon-style pool and a heated spa Undercover and secure parking Self contained apartments with fully equipped kitchen and laundry