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Management Rights and Apartment for Sale right on the Beach in Palm Beach offering High Income&Lifestyle
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Resort / Holiday Management Rights, Palm Beach QLD
Management Rights Business right on the Beach in Palm Beach
Management Rights: $3,500,000&Managers Unit: $1,350,000
COMPLEX OVERVIEW
Units in the complex: 68
Units in the letting pool: 20 (22 x keys)
Term of Agreement: 23 years
Undercover Carpark: 68
OFFICE HOURS: Monday to Friday: 9:00am to 3:00pm
Saturday to Sunday: 9:00am to 10:00am
KEY FINANCIAL INFORMATION
MLR Business Price: $3,500,000
Managers Unit: $1,350,000
Net Profit: $595,607
Body Corporate Salary: $163,699
PROPERTY FOR SALE
Bedrooms: 3
Bathrooms: 2
Undercover Carpark: 1
COMPLEX DESCRIPTION
Pool and heated spa
BBQ
Sauna
Rooftop with BBQ
KEY INVESTMENT HIGHLIGHTS
High net income
Right on the beach
Located in the iconic Palm Beach on the Gold Coast
Diversified market segments
Ample secure undercover parking
Ability to grow the letting pool
Ability to increase revenue and net profit
Disclaimer: Every effort has been made to ensure that information is accurate. Nova House Realty disclaim any implied warranty or representation about its accuracy, completeness, or appropriateness for any particular purpose. This includes but is not limited to information provided by any third party.
Contact Agent: Chris Novak on 0434 532 144 or email:
More Information
- Total Purchase Price: Contact Agent
- Net Income: $ 595,607
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,350,000
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?