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The Timing is Perfect for Mission Beach
$799,000
Resort / Holiday management rights, Mission Beach QLD
Delightful well presented 4 star holiday property in Mission Beach situated 100m from the beachfront. Profitability continues to improve even in these uncertain times.This business is perfectly positioned to benefit from the committed investment in tourism and development which is just beginning - and will take place over the next five years in Mission Beach.
It has a nice mix of elegant one and two bedroom dual-key self contained apartments and suites contained within three buildings. 13 of the 15 apartments are in the letting pool, providing 26 keys.
The manager's two bedroom two bathroom apartment is adjacent to the office which is on title.
Destination Mission Beach is a desirable location with many local water sport & reef trip attractions.
Dunk & Bedarra Islands just offshore, are easily accessed via ferries.
This lifestyle property was officially opened in May 2006 and the business is very well established in the marketplace - with an established client base showing many repeat guests.
With flexible office hours it is an easy two person operation and very well worth a viewing.
Call Calvin today for further information.
More Information
- Total Purchase Price: $799,000
- Net Income: $ 166,303
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 300,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.0
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?