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Best Buy Absolute Beachfront Holiday Complex
$1,699,000
Resort / Holiday management rights, Buddina QLD
This has to be the best buy on the Sunshine Coast right now.....make an offer!
Perfectly positioned Sunshine Coast absolute beachfront resort with 1,2 & 3 bedroom apartments set amidst lush tropical gardens with 3 beautiful resort style pools. This gorgeous resort has the best of both worlds with 3 acres of total surf beach frontage and the iconic Kawana Shoppingworld with its new Event Gold Class cinemas and a large variety of speciality shops, grocery stores and restaurants, right behind the resort.
With an exceptional guest return rate, this rare business opportunity is one to take advantage of whether youre a newcomer to the management rights industry or an experienced operator looking for an established and easy to manage Management Rights business.
Currently trading strongly but still with significant room for uplift for the savvy operator to move permanent rentals to holiday let and convert the outside rentals to onsite management. The very generous B.C. salary will also appeal.
More Information
- Total Purchase Price: $1,699,000
- Net Income: $ 190,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 900,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.2
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.
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?