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Port Douglas Management Rights - ID 8990
$870,000
Resort / Holiday management rights, Port Douglas QLD
North Queensland Management Rights For Sale
- Consistent Performer with Excellent Body Corporate Salary
- 14 out of 16 units in the holiday letting pool, happy owners all on board
- Guaranteed Body Corporate salary of $47,275
- Well maintained gardens, resort style pool and BBQ area
- Supportive committee and owners
- 18 years remaining on agreements
- Extensively refurbished and ready to reap the rewards of letting
- Expansive two bedroom manager's residence
- Large office on title
- Minutes to shopping, medical services and a 45 minute drive to International Airport
Perfect location and lifestyle with a comfortable residence included. You can't go wrong with this management rights opportunity.
Net Profit: $148,835
Asking Price: $870,000
(Inclusive of manager's real estate priced at $400,000)
More Information
- Total Purchase Price: $870,000
- Net Income: $ 148,835
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 400,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.2
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?