Acquire Prime Beachfront Resort, held for a decade, netting over $450,000 | Resort Brokers ID : MR008302
$3,580,000
Resort / Holiday Management Rights, Maroochydore QLD
ResortBrokers presents a lucrative investment in Maroochydore's serene Cotton Tree area. This Management Rights property, featuring resort-style amenities such as a heated pool, spa, steam room, and barbecue area, promises substantial financial growth.
With flexible office hours, a net profit exceeding $450k, and a generous body corporate salary, it's an opportunity primed for success.
The manager's residence, a four-bedroom haven, adds commercial versatility.
With a sinking fund surplus exceeding $1 million and all major works completed, this exceptional business is ready for its next chapter.
- Located in the serene Cotton Tree area of Maroochydore, a coveted location in the heart of Queensland's Sunshine Coast
- Four-bedroom manager's residence offering the potential for commercial versatility or additional office space
- Comprising of 57 stylish and spacious two& three bedroom apartments and eight multi-level self-contained beach houses
- A substantial sinking fund exceeding $1 million in surplus, with all major works already completed
- No set office hours, a net profit of $457,143, and an attractive body corporate salary
- Select apartments offer breathtaking views of the ocean, Maroochydore River, or the vibrant city space
- Heated pool, spa, steam room, and barbecue area for a luxurious lifestyle
- Ample opportunity for new management to elevate the business to the next level with minimal effort
- Inspection by appointment only.
Date updated: 23 Jun 2024 23:00:05
More Information
- Total Purchase Price: $3,580,000
- Net Income: $ 457,143
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,300,000
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?