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NET INCOME $716,000 - IMPRESSIVE RETURN ON INVESTMENT
$3,630,000
Resort / Holiday Management Rights, PALM COVE QLD
Palm Cove is a much loved and sort after suburb of Cairns, renowned for its enclave of luxury hotels and fine-dining restaurants.
The beachside village is centred around a palm tree lined esplanade. Hire a kayak and paddle off the beach, fish off the jetty or boat to the islands. Palm Cove has been rated as one of Australia's top ten beaches. World heritage wonders of the Daintree Rainforest and the Great Barrier Reef are at your doorstep.
Conveniently located a short 20-minute drive from Cairns International Airport whilst Cairns city is a brisk 30-minute travel.
This beautiful holiday resort offers facilities such as pools, BBQ area, spa, tour desk and wi-fi.
Presently run under management, this provides an upside for an owner-operator to maximise revenue and profitability, such as securing lets from outside real estate agents and increasing the businesses letting pool.
On-site manager is well accommodated with a roomy apartment consisting of three bedrooms, two bathrooms and one car space.
Management Rights Agreements have a healthy 21 years remaining, currently providing a tidy Body Corporate Salary of $187,000 p.a. (ex-GST) and increasing yearly by CPI.
Representing a perfect balance of lifestyle and business, within paradise.
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More Information
- Total Purchase Price: $3,630,000
- Net Income: $ 716,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 800,000
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?