Price Drop Of Over $200,000 - ID 8133

$3,339,320

Resort / Holiday management rights, Biggera Waters QLD

Management Rights For Sale
Northern Gold Coast - Popular Destination for Family Holidays

- Absolute gem located on the northern end of the Gold Coast
- Fantastic resort style facilities including roof top pool and spa
- Great repeat trade, very popular destination for families
- Long agreements with Body Corporate salary of just over $190,000
- 2 bedroom, 1 bathroom manager's residence with private balcony
- Exclusive use office

Boasting a prime location on the Gold Coast Broadwater, this is a thriving business and an ever popular destination for families seeking a relaxing holiday. Just a short drive to theme parks and only 10 minutes to the heart of Surfers Paradise.

The high net income is sufficient to support two families or an investment group. There is also potential for a huge improvement to the bottom-line.

Net Profit: $500,450
Asking Price: $3,339,320
(Inclusive of manager's real estate)

More Information

Financial Overview

Total Purchase Price: $3,339,320
Net Income: $ 500,450 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 750,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 5.2
_{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: 31
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 33
_{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: 2
_{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: $ 197,923
_{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: 20 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 26 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Swimming pool, Heated rooftop pool, Spa, Sauna, Full tennis court, BBQ, Security parking, Gym, Games room, CCTV, Free Wi-Fi

Real Estate Component

Manager's Unit: 2 1

Included Real Estate: $ 750,000
_{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: 0
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: Located on the ground floor with access to exclusive use office, 2 bedrooms, 1 bathroom, Storeroom attached and on title, Private balcony overlooking expansive gardens.