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Buy a Business, Live in Paradise, Earn $230k p.a. with a 20-year agreement/ contract in place. Luxury refurbished 3 bed unit with rooftop terrace.
$2,400,000
Resort / Holiday management rights, Maroochydore QLD
Management and Letting Rights Business - Maroochydore QLD
Attractive Funding Models available within this industry.
Major projects happening that will see businesses like these grow exponentially in the next decade and beyond.
*Major accommodation shortages that will increase demand.
*Olympics 2032. Increased numbers leading upto, during and after.
*Exposure on the world stage.
*Greenfield CBD under construction including convention centre.
*International airport completed. Terminal underway.
*Numerous tourist attractions approved.
*Highest internal migration rate in Australia.
Please contact Andrew regarding an understanding of this industry and how it can set you up in life.
At a Glance
Price: Offers Over $2,400,000
Net Operating Profit: $231,000 .
Remuneration / Body Corp Salary:>$88,000 p.a. Salary Review: CPI Annually
Managers Unit
Bedrooms:3
Bathrooms:2
Car Spaces:2
Office: Exclusive Use
Pets OK: Yes once approved
Complex Information
Complex Type: Holiday and Perm.
Total Units in Complex: 36
Commercial Lots :
Total Units in Letting Pool:18
Holiday Units: 18
Perm. Rentals :3
Owner Occupy Units:
Outside Agent Units:
Air BNB:
Lockup Units:
Manager Units:1
Agreement Module: Accommodation
Agreement Term:25 years
Agreement Term Remaining:20 years
Pool: Yes
Spa:
BBQ Area: Yes
Pay TV: No
WIFI: Yes
Disclaimer:
We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.
More Information
- Total Purchase Price: $2,400,000
- Net Income: $ 285,000
(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.
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?