THE PERFECT HOLIDAY MR ON THE SOUTHERN GREAT BARRIER REEF | Resort Brokers ID : MR007415

$2,655,000

Resort / Holiday Management Rights, Rosslyn QLD

ResortBrokers is delighted to exclusively present to the market the management rights and associated real estate to Rosslyn Bay Resort, a fantastic holiday complex located on a picture-perfect bay, perched on the Southern Great Barrier Reef, the gateway to Great Keppel Island.

- True holiday resort on Southern Barrier Reef
- 51 apartments with 41 in onsite letting pool
- Range of studio, 1 bedroom and 2 bedroom options
- Great facilities including lagoon pool, bar, and outdoor cinema
- Popular onsite restaurant (seperate management)
- Close to Rockhamption, Central Queensland's major hub.
- 20 years remaining on caretaking / letting agreements
- Moment walk to Kemp Beach, Rossyln Harbour and Beaches Bistro
- Inspections are by appointment only
Date updated: 29 Dec 2024 22:00:01

More Information

Financial Overview

Total Purchase Price: $2,655,000
Net Income: $ 526,092 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 475,000
_{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: 1
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 10
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 2
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 51
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 99,215
_{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: 20 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: No set hours
_{Required Office Hours}

Complex Features: Minibars in each of the holiday units Lagoon pool with its own bar Open-air cinema Garden area for weddings and functions Licensed Restaurant, with conference facilities Paddleboard and bike hire Resort shop, beauty spa and yoga centre (all under external management)