Best priced business in Queensland, boasting a $301k net profit and large ROI | Resort Brokers ID : MR008347
$1,250,000
Resort / Holiday Management Rights, Port Douglas QLD
ResortBrokers presents a prime opportunity in the heart of Port Douglas. This outstanding business in Tropical North Queensland offers an impressive ROI.
With no set office hours and offsite management, it provides unparalleled flexibility. The property includes a spacious three-bedroom manager's unit and is easily maintained with a comfortable Body Corporate salary.
Located in the heart of Macrossan Street, it has significant growth potential with hands-on management.
- Best-priced business in Tropical North Queensland becomes an attractive investment proposition
- An impressive 24% return on investment underscores the property's financial potential
- Offsite management with no set office hours offers unparalleled flexibility
- Spacious three-bedroom, one-bathroom manager's unit provides comfortable living or additional unit in the letting pool
- Easily maintained property with a body corporate salary of over $94,000
- Prime location in the heart of Macrossan Street enhances the property's appeal
- Potential for significant growth with hands-on management
- Inspections are by appointment only
Date updated: 08 Sep 2024 23:00:05
More Information
- Total Purchase Price: $1,250,000
- Net Income: $ 301,234
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 550,000
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?