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High Performance Management Rights in Paradise
$1,320,000
Resort / Holiday management rights, Cairns City QLD
PRICE REDUCTION
Holiday Management Rights for Sale
Absolute Beachfront Property with Coral Seas Views
- Sizable letting pool making it one of the largest in the area.
- Excellent networks in place and high volume of corporate clients.
- Easy to manage stable business with attractive easily maintained grounds, and street frontage.
- Saltwater pool with spa, complemented by shady gazebo and BBQ area.
- Business has all the key ingredients to provide an excellent return on investment, time, and lifestyle objectives.
- Five-year top up to agreement to be approved at AGM next month.
- Motivated vendor has illness in the family and wishes to be full time with their partner.
- Manager approved to reside offsite.
Suitable as a add on property for a local MR owner able to leverage the residence under a rental arrangement or for a mum & dad team wishing to enjoy a great semi-retirement business & lifestyle.
Net Profit: $298,184
Total Asking Price: $1,320,000
More Information
- Total Purchase Price: $1,320,000
- Net Income: $ 298,184
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 420,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.0
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?