688

Management Rights
For Sale

Motels / Hotels
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Caravan Parks
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882

Investment Property
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Award Winning Beachfront Opportunity - Cairns Beaches

$2,375,000

Resort / Holiday management rights, Trinity Beach QLD

Rare offering: Two exclusive, 4.5 star beachfront properties. Ranking among the top 10% of listings on Travellers Choice - Tripadvisor in the world.
Common boundary and run as one business with joint reception.
Lovely mix of one, two and three-bedroom apartments, fully equipped and with quality fittings including the two-bedroom managers apartment.
This property enjoys a top beachfront location and provides impressive street appeal.
Excellent very well priced business and properties, that are well worth viewing.
Contemporary and beachfront!
Approval for pets.
Office and reception on title, long agreements with very good $97k ex GST body corporate salary.

Here is your opportunity to live the tropical dream.
Confidentiality conditions apply.
For further information on this property contact Calvin Bailey today.

More Information

Financial Overview

Total Purchase Price: $2,375,000
Net Income: $ 450,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 620,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.9
_{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: 30
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 4
_{Number of units resided in by their owners.}

Lock Ups: 3
_{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: 41
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 97,020
_{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: 25 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:
_{Required Office Hours}

Complex Features: Two large poobl areas, BBQ area, Cable TV, Wi-Fi, lift to all levels, tour desk, tropical gardens and lawns, secure parking, adjacent to beach.

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 620,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Spacious two-bedroom, two-bathroom 111m2 apartment with patio access to garden areas. Office and reception on title plus a second office for managers use in second building.