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Management Rights Preston Beach - $300,000 managers salary | Resort Brokers ID : MR007100
$2,600,000
Resort / Holiday Management Rights, Preston Beach WA
Enjoy the benefits of this modern 77-unit Resort complex located near the magnificent Indian Ocean beach front of Preston Beach, on Western Australias South Coast.
An exceptional $300,000 Body Corporate salary, combined with 22 years remaining on the Management Agreement makes this an attractive long-term investment.
With 66 units in the letting pool, and operating under full operational management, this is an excellent hands-off opportunity for an astute investor. Alternatively, an owner operator could live on-site in the spacious five bedroom, three bathroom managers residence, and gain additional profit through the savings on management wages.
Footprints Preston Beach caters for a mix of corporate and leisure clients, with largemining operations being located close by.
- Business price $1,500,000
- Managers lot price (residence, reception, cafe) $1,100,000
- Exceptional $300,000 body corporate salary
- Located 750m from the Preston Beach beachfront
- 64 units in the letting pool
- 22 year management agreement in place
- Massive 5 bed 3 bath managers residence, separated from the resort
- Currently operating under full management
- Experienced staff to assist with transition
- Inspection by appointment only
Please contact RESORTBROKERS for further information on this outstanding opportunity. Date updated:17 Nov 2024 22:00:02
More Information
- Total Purchase Price: $2,600,000
- Net Income: $ 595,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,100,000
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?