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PROFIT $375,000 P.A. - GOLD COAST - LIVE OFF SITE
$2,660,000
Resort / Holiday Management Rights, ELANORA QLD
With no requirement to live onsite, this family-oriented Gold Coast holiday resort is within a 15-minute stroll to patrolled beaches.
Dual key, two-bedroom apartments offer excellent rental flexibility within this famous holiday oasis.
Notwithstanding the consistently solid profits there is still plenty of upside in this business as untapped onsite rentals remain outside the current rental pool.
Furthermore, there is scope to bring in repair and maintenance income as presently this is not undertaken by the existing management team.
An historically supportive Body Corporate committee is also a standout with this business over many profitable and harmonious years.
The Manager enjoys the following Real Estate, all On Title:
2 Bedroom, 1.5 Bathroom apartment
1 Bedroom, 1 Bathroom apartment
Back office
Opulent and spacious Reception area
4 Car spaces (including 2 car garage)
Whilst excluded from the business profits, for sale purposes, the above mentioned one bedroom apartment is currently rented out for approx. $22,000 p.a.
In summary, on offer is an immensely popular, solid, and profitable business operating in a low-key environment with a loyal long standing repeat customer base, including international sporting groups and interstate visitors.
Elanora and surrounds are the perfect blend of country and beach as it is right on the edge of Talley Valley with cafes, restaurants, beautiful beaches, countryside, walks, nightlife (Burleigh or Coolangatta) all within 10 minutes.
Enjoy the resort's water views, whilst also benefiting from convenient transport options, being close to the M1.
This unique mix of profitable short and long-term letting pools within a strongly performing Management Rights business is hard to find!
Contact Bobo for details today.
More Information
- Total Purchase Price: $2,660,000
- Net Income: $ 375,170
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 970,000
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?