QUINTESSENTIAL BYRON BAY RESORT DELIVERING SOLID ROI | Resort Brokers ID : MR008046

$2,495,000

Resort / Holiday Management Rights, Byron Bay NSW

Ideally located nestled by the Arakwal National Park and neighbouring Tallow Beach, you will find this chic holiday resort with impeccable tropical gardens and resort-style facilities, apartments and beach/tree houses, offering premium beachside accommodation for your guests to enjoy.

This opportunity provides, consistent income and manageable caretaking duties supported by a proactive Body Corporate who pays for the gardens to be maintained.

A renovated, two-bedroom, two-bathroom, two-car premium manager's residence with spacious office/reception as exclusive use provides a wonderful resort feel to this opportunity.

Astute buyers should be quick to consider and tap into Byron Bays unbeatable appeal with a first-rate property and letting business.

- 365 day STRA exempt
- Portfolio of 22 diverse properties in letting pool with potential for expansion
- Prime location just a stone'sthrow from Byron Bay's bustling centre
- Proximity to the renowned surf beach and pristine unspoiled coastline
- Renovated, manager's unit with modern amenities, a private balcony and a courtyard
- Office/reception complete with kitchenette, bathroom and balcony
- Ideal opportunity for newcomers, with trained staff and established systems
- Additional income stream via external management services
- Inspections are by appointment only
Date updated: 10 Nov 2024 22:00:02

More Information

Financial Overview

Total Purchase Price: $2,495,000
Net Income: $ 360,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,100,000
_{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: 22
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 8
_{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: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 33
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 74,095
_{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: 14 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: 9:00am to 5pm Monday - Friday 9:00am- 4:00pm Saturday 9:00am to 12 noon Sunday
_{Required Office Hours}

Complex Features: The Resort has excellent facilities, plus the added bonus of no gardening commitment, as landscapers are employed by the community association 18 metre heated swimming pool, plus separate, childrenâs wading pool, spa and sauna, tennis court, poolside BBQ area with dining, gymnasium and games room with TV mezzanine, lounge, BBQ and dining area on gym deck, undercover car parking, For hire â 12 x bikes, plus surf and boogie boards, portacots, highchairs, strollers Accommodation is provided over a choice of 24 properties making this the perfect destination for families, couples and small groups, as follows: 17 spacious Oasis Resort style two bedroom, two bathroom self-contained apartments; 4 unique and private three level two bedroom, two bathroom Treetop Houses offering stunning spa decks with incredible views; 2 luxurious appointed hilltop three bedroom, 2.5 bathroom apartment in the Vue complex; ? 1 three bedroom, 2.5 bathroom Ibis Beach House.

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,100,000
_{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: 0
_{Is there a manager's office included on the title?}

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

Unit Features: The renovated and elevated managers apartment is a spacious design with two bedrooms (one with built-in), two bathrooms, open plan kitchen, dining and living room opening on to large balcony with outdoor dining, while offering views over the manicured gardens and pool. A full laundry is also included in the apartment, plus undercover car parking and separate storage areas.