Rare and Unique - One of The Coasts Few Absolute Beachfront Resorts | Resort Brokers ID : MR006531

$2,302,000

Resort / Holiday Management Rights, Peregian Beach QLD

Set on five acres and featuring 21 free standing beach houses, nestled amongst the sand dunes of Peregian Beach, this property boasts an exclusive position that guarantees market dominance.

Long agreements - 24 years remaining out of 25
Funky Beach style office and reception on title
Generous Body Corporate Remuneration of $71,525 (adjusted annually to CPI)
The manager’s residence is a three bedroom, two level beach house with extensive ocean views
The beach houses are able to be locked down to provide one, two or three bedroom accommodation options
Absolute Beachfront location
Property inspections are by appointment

Date updated: 01 Mar 2021 23:00:04

More Information

Financial Overview

Total Purchase Price: $2,302,000
Net Income: $ 314,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 795,000
_{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.}

Letting Business

Letting Pool: 16
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 2
_{Number of units resided in by their owners.}

Lock Ups: 2
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 21
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 71,646
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: M-F 8am- 5pm; Sat 8amâ 2pm; Sun 9am â 1pm
_{Required Office Hours}

Complex Features: Large lagoon style swimming pool, heated in winter and cooled in summer, full size all weather Tennis Court, Outdoor hot and cold showers, BBQ entertaining area

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 795,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: yes
_{Can the manager own a pet on site?}

Unit Features: The managerâs residence is a three bedroom, two level beach house with two bathrooms and two car spaces. It has a gourmet kitchen and open plan living with stunning ocean views from the living areas. The residence is quite unique and primely located.