One of the Best... High Net, Mixed, Prime Beachfront Resort | Resort Brokers ID : MR008207

$4,430,500

Resort / Holiday Management Rights, Main Beach QLD

ResortBrokers presents an iconic Management Rights building in a prime beachside location.

This investment gem offers a renovated three-bedroom manager's residence, NOP $551,000, consistent occupancy rate over 65% and top-notch facilities.

Located in a trendy Gold Coast suburb with over 22 years remaining on the caretaking&letting agreements, this investment provides long-term security.

It's not just a property, it's a lifestyle and a successful business rolled into one.

- Located in one of the Gold Coast most sought-after suburbs.
- Manager's residence is a spacious, beautifully renovated three-bedroom, two-bathroom home.
- Solid occupancy rate with a large letting pool, ensuring consistant and strong returns.
- Steady income due to consistently high returns.
- Proximity to Gold Coast best features, Pacific Fair, Surfers Paradise& Marina Mirage.
- Long-term security with over 22 years remaining on the caretaking and letting agreements.
- Iconic management rights building metres from beach which has only changed hands twice in the past 25 years.
- Inspection by appointment only.
Date updated: 13 Oct 2024 22:00:04

More Information

Financial Overview

Total Purchase Price: $4,430,500
Net Income: $ 551,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,400,000
_{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: 20
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 15
_{Number of units resided in by their owners.}

Lock Ups: 8
_{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: 48
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 100,843
_{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: 22 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: Contactable 9-5 M-F (Sat 9-12) (No Sundays)
_{Required Office Hours}

Complex Features: Covered outdoor dining/barbecue area, pool, spa and sauna and tennis court 2 bbq in bbq areas

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,400,000
_{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: yes
_{Can the manager own a pet on site?}

Unit Features: Fully renovated three-bedroom, two bathroom, ground floor managerâs residence