EXCEPTIONAL HOLIDAY MANAGEMENT RIGHTS - ABSOLUTE BEACHFRONT LIVING

$4,200,000

Resort / Holiday management rights, Tugun QLD

Perfectly positioned on the beachfront in the heart of Tugun, this management rights complex is in an outstanding location to attract holiday makers all year round. The Southern Gold Coast is seeing rapid development and this complex is set to benefit greatly due to its prized and unique location.

The building consists of a total of 74 apartments, 46 of which are in the letting pool (+ 1 x External Penthouse). The complex has recently undergone a total repaint and swimming pool refurbishment and presents beautifully. To compliment this great business is a wonderful 3-bedroom, 2-bathroom renovated ground floor managers unit, just steps from the beach.

The new owners will appreciate the benefits of the excellent systems that the current owners have in place, all the hard work is done. With long agreements, high net profit, manageable caretaking duties and excellent beachfront residence, this complex will provide the investment and life you have been looking for.

- Absolute beachfront
- High net profit - $551,636
- Reliable mixed letting business with excellent growth potential (additional units to due to come into the holiday pool)
- Recent refurbishments completed
- Flexible management with option for nominee to live onsite
- Manageable caretaking duties with great BC salary
- Outstanding location in the heart of Tugun Village

Call now to find out more about this outstanding Management Rights opportunity or to arrange an inspection.

More Information

Financial Overview

Total Purchase Price: $4,200,000
Net Income: $ 551,636 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,100,000
_{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: 47
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 9
_{Number of units resided in by their owners.}

Lock Ups: 7
_{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: 74
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 113,861
_{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: 21 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 24 years
_{How long has the management rights existed.}

Office Hours: Set as per agreement
_{Required Office Hours}

Complex Features: Heated swimming pool and spa Sauna Gym Stunning tropical gardens 2 BBQ areas

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,100,000
_{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: Beautiful fully renovated 3-bedroom 2-bathroom apartment, open plan living with front and rear balconies.1 car space with generous exclusive use storage areas.