QUINTESSENTIAL BYRON BAY - MANAGEMENT RIGHTS DELIVERING SOLID ROI WITH UPSIDE | Resort Brokers ID : MR008613

$2,680,000

Resort / Holiday Management Rights, Byron Bay NSW

ResortBrokers brings to market an exceptional chance to secure a premium Management Rights, the Oasis Apartments&Treetop Houses, in one of Australias top tier holiday destinations - Byron Bay, delivering solid ROI.

With the added benefit of being 365-day STRA exempt, this is an excellent opportunity for a couple to run a lucrative, well-established management rights and letting business comprised of 22 diverse properties in letting pool with potential for growth.

Consistent income and manageable caretaking duties supported by a proactive Body Corporate who pays for the gardens to be maintained this would be highly suited for newcomers to the industry with trained staff and all systems in place.

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 growth
- Additional income stream via external management services $32kpa
- Prime location just a stone's throw from Byron Bay's bustling centre
- Proximity to the renowned surf beach and pristine unspoiled coastline
- Tastefully renovated, manager's unit with modern amentities, a private balcony and a courtyard
- Office/reception complete with kitchenette, bathroom and balcony
- Ideal opportunity fornewcomers, with trained staff and established systems
- Inspections are by appointment only
Date updated: 01 Apr 2025 00:00:03

More Information

Financial Overview

Total Purchase Price: $2,680,000
Net Income: $ 425,615 (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: 34
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 74,671
_{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: 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 5.00pm Monday - Friday 9:00am to 4.00pm Saturday 9:00am to 12 noon Sunday
_{Required Office Hours}

Complex Features:

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: Open plan kitchen, dining and living room opening on to large balcony with out- door dining, A full laundry is also included in the apartment, plus undercover car parking and separate storage areas.