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Seaside Bliss: Manage Your Dream at Coolangatta's Premier Management Rights Opportunity!
$800k MR&$875k Unit = Total $1.675M
Resort / Holiday Management Rights, COOLANGATTA QLD
Nestled on the Southern Gold Coast, overlooking one of the world's premier surfing beaches, this rare north-facing location is a favorite holiday spot for families and surfing enthusiasts alike. The Gold Coast's enviable climate and frequent surfing events at Rainbow Bay ensure consistently high occupancy rates, with a large portion of guests returning year after year. This well-managed business features 24 units, with 18 available for rentals and an established cleaning staff.
The majority of units boast high-quality finishes, generous sizes, and stunning bay views. The building is impeccably maintained, offering amenities such as an exclusive office/reception area, swimming pool, spa, and ample storage for surf equipmentreflecting its close ties to the surfing community. Collaborative management rights operators foster a supportive and sociable environment, promoting Rainbow Bay together.
Prospective managers will receive comprehensive training from the outgoing team. The manager's residence is a bright, airy unit with a sprawling, private yardperfect for families or pet owners seeking a coastal lifestyle change. This unique property must be seen to fully appreciate its appeal!
- Net Profit: $199k
- Business Price: $800k @ 4.01x
- Unit Price: $875k
- Total Price: $1.675M
- 19 years remaining on Accommodation module
** Ras360 Property Solutions Specialists in Management Rights | Motels | Hotels | Pubs | Parks **
More Information
- Total Purchase Price: $800k MR&$875k Unit = Total $1.675M
- Net Income: $ 199,278
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 875,000
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.
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?