Acquire a Premier MR Business - Modern Facilities and Consistent High Occupancy | Resort Brokers ID : MR008561

$5,380,000

Resort / Holiday Management Rights, Lennox Head NSW

ResortBrokers introduces the Lennox Beach Resort, a sea change business opportunity in Lennox Head. With a strong Body Corporate remuneration of over $112k and a net profit of approximately $859k, this resort-style complex is a significant player in the holiday letting market. The manager's unit is a renovated three-bedroom residence with an office, offering a comfortable living and working environment. Located just 100 metres from Lennox headland and surf beach, the resort offers a variety of well-appointed self-catering apartments and upgraded facilities, making it an ideal business opportunity.

- Impressive Body Corporate Remuneration exceeding $112k
- Astounding Net Profit around $859k
- Manager's unit featuring 3 bedrooms, 3 bathrooms, office, reception and back office recently renovated
- Flexible operation with no set office hours
- Prime location just 100 metres from Lennox headland and surf beach
- One of the largest accommodation providers in Lennox Head, accommodating up to 184 people
- Offering a variety of well-appointed one, two and three-bedroom self-catering apartments
- Resort facilities recently upgraded, including heated lap pool, lagoon pool, jacuzzi, steam room, pickleball court and barbecue facilities
- Inspections by appointment only
Date updated: 23 Jan 2025 22:00:01

More Information

Financial Overview

Total Purchase Price: $5,380,000
Net Income: $ 859,092 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,200,000
_{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: 39
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{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: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 41
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 112,800
_{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: 15 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:
_{Required Office Hours}

Complex Features: Heated lap pool, resort lagoon pool, jacuzzi, steam room and BBQ facilities. Lennox Beach Resort features the only Pickleball court in Lennox Head. There is 1 commercial lot (lot 13) located onsite and run independent, this is currently trading as a Chinese Restaurant and Bar named IWok.

Real Estate Component

Manager's Unit: 3 3

Included Real Estate: $ 1,200,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 0

Office On Title: 1
_{Is there a manager's office included on the title?}

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

Unit Features: Renovated 3 bed, 3 bath, office, reception and back office.