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Waterfront short-term business netting over $900k | Resort Brokers ID : MR008616
$5,393,975
Resort / Holiday Management Rights, REDCLIFFE QLD
Located on the Esplanade in the booming bayside suburb of Redcliffe, this immaculately presented short-term management rights business offers a unique blend of corporate and leisure clientele, with a strong net profit of over $911k and consistently high occupancy of over 80%.
Enjoying fantastic views over Moreton Bay and Redcliffe Peninsula, this stunning complex comprises 74 units, with 34 in the letting pool, including 33 dedicated to holiday or corporate letting. This diverse letting mix ensures a strong, consistent income stream.
The caretaking and letting agreements were recently topped up to the full 25-year term and there are no fixed office hours or requirement to live onsite, giving the incoming operator freedom in how they manage the complex.
The manager's unit features two bedrooms and a multipurpose room, with direct views over Moreton Bay. The office is situated on the ground level, is granted to the manager under occupational authority and includes two secure car parks, offering great separation.
Redcliffe is one of the fastest-growing regions in South East Queensland. This short-term management rights enables the incoming operator to tap into this incredible growth with a solid, secure business, so call Jeff to book an inspection today!
- Impressive net profit - over $900k
- Exceptional ROI
- Prime oceanfront location
- Flexible operation with NO fixed office hours
- No requirement to reside onsite
- Full 25 year accomodation module agreements
- The manager's unit is currently rented out for additional income, circa. $67,000
- High demand from corporate& leisure sectors
- Real estate includes 2 bedroom, 2 bathroom, multipurpose room + office and two secure car parks under OA
- Manager's Unit - $880,000 (priced under registered valuation)
- Cafes, restaurants, RSL and bars on your doorstep
- Inspections are by appointment only
Date updated: 01 Apr 2025 00:00:03
More Information
- Total Purchase Price: $5,393,975
- Net Income: $ 911,881
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 880,000
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?