High-net beachside MR in supercharged Byron Bay market | Resort Brokers ID : MR007977

$2,750,000

Resort / Holiday Management Rights, Byron Bay NSW

ResortBrokers presents an exceptional opportunity to acquire the management rights to Outrigger Bay Apartments, a boutique resort with direct beach access, located in the highly sought-after, tourist hotspot of Byron Bay, NSW.

The Outrigger operates on 100% holiday letting, it is a consistently high performer, boasting a solid occupancy rate and strong forward bookings and ADRs, making it a lucrative investment.

On the back of STRA resolving the changes to cap Air B'nB type accommodations, Byron Bay Management rights properties are set to thrive, savvy investors should be quick to pounce on this one!

- Incredible Net Profit over $453,000
- Prime asset in the highly coveted Byron Bay market
- Stellar performer with 68% occupancy and robust future bookings
- 100% fully dedicated to short-term holiday letting
- Oasis style boutique resort with direct beach access
- Modern, easy-to-manage resort facilities& caretaking duties
- Significant potential for additional event income
- Secure investment with renewed 10-year agreements
- Strong support and rapport with the Body Corporate
- Inspections by appointment only

Date updated: 15 Dec 2024 22:00:02

More Information

Financial Overview

Total Purchase Price: $2,750,000
Net Income: $ 453,317 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 800,000
_{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: 1
_{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: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 24
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 48,583
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 9 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 Friday (9am - 5pm) and Saturday to Sunday (9am - 3pm)
_{Required Office Hours}

Complex Features: Offering guests direct beach access, this securely gated, boutique resort comprises 24 two- and three bedroom apartments, all of which have a relaxed comfortable feel and enjoy views of the resortâs lovely grounds and facilities. All our apartments offer a well equipped kitchen and laundry with all the modern conveniences, Free Wifi, Stereo, TV and reverse cycle Air-conditioning. Heated salt water pool, outdoor heated hot tub, barbecue area and landscaped gardens, Tour desk, direct accessto the beach AAA Tourism rating 4 stars Travellers Choice Award Tripadvisor 2023 Gold List of Australian Accommodation Award Winner 2016, 17,18, 20 Certificate of Excellence Tripadvisor 2014 - 2017

Real Estate Component

Manager's Unit: 2 1

Included Real Estate: $ 800,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

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

Unit Features: The recently valued managerâs real estate is a modern, spacious, ground floor, two-bedroom, one-bathroom, two-car apartment, with a separate large office and ample storage. There is a private, outdoor balcony with plenty of room for entertaining.