Neat As A Pin - Trinity Beach Pacific - ID 9034

$550,000

Resort / Holiday management rights, Trinity Beach QLD

North Queensland Management Rights For Sale
20 Years Remaining on Agreement - Low Mulitple

- Secure 3.5 star complex consisting of 40 x 1 bedroom & studio aparments
- 12 in the letting pool, 9 holiday and 3 permanent
- Well maintained gardens, resort pool and BBQ area
- Office on title to service guests
- Hours are flexible, manager required to be contacted during contracted caretaking hours
- Body Corporate salary of $63,912 inclusive of GST
- Located in the heart of Trinity Beach, stroll to restaurants, cars and shoppin
- 3 bedroom, 1 bathroom manager's villa with great alfresco area

This management rights business presents extremely well and is regarded one of the excellent accommodation options in the Trinity Beach area. Selling on a multiple of 1.1, this represents an excellent buying opportunity.

Net Profit: $113,975
Asking Price: $550,000
(Inclusive of manager's real estate)

More Information

Financial Overview

Total Purchase Price: $550,000
Net Income: $ 113,975 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 425,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 1.1
_{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: 12
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 22
_{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: 6
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 40
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 63,912
_{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: 25 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Swimming pool, BBQ, Entertaining area, Wi-Fi, Cable TV, Tour Desk, Parking

Real Estate Component

Manager's Unit: 3 1

Included Real Estate: $ 425,000
_{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: Large villa, 3 bedrooms, 1 bathroom, Single car space, Air conditioners and ceiling fans, Quality finishes and modern kitchen appliances, Great alfresco area and access to complex swimming pool