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HOLIDAY ON THE WATER
$775,000
Resort / Holiday Management Rights, SURFERS PARADISE QLD
This three-storey Walk-Up complex is on the river and in the heart of Surfers Paradise. A five-minute walk from the famous Cavill Mall and tram station. Set alongside the Nerang River with a jetty for boating and fishing.
A delightfully renovated 2 bedroom, 2 bathroom manager's apartment with office on title, for sale at a very reasonable price of only $540,000.
Easily managed gardens and no set office hours ensure you have a great work life balance. This boutique business has a total 16 units in the complex, with seven, mainly holiday lets, in the letting pool. In addition another two holiday lets, outside but close to your building, are available to purchase and add onto the business should you wish. One family member can easily handle this attractive business package. Current Caretaking Agreement has 19 years remaining on this lovely Gold Coast Management Rights.
Net income $73,500 includes a solid Body Corporate salary $25,749 represents a wonderful opportunity for a smart business operator. And just at the right time for you!
Holiday lovers are returning to the Gold Coast now!
More Information
- Total Purchase Price: $775,000
- Net Income: $ 73,531
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 540,000
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?