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HERVEY BAY BEACHFRONT MANAGEMENT RIGHTS - ID 9045
$677,250
Resort / Holiday management rights, Urangan QLD
Management Rights For Sale - Hervey Bay
Consistent Performer with Opportunity to Grow
- Management of two adjoining complexes giving flexibility of income
- Good mix of both holiday and permanent letting
- 49 lots in total with 22 in the letting pool
- Facilities include swimming pool, BBQ, CCTV and Wi-Fi
- Across the road form Hervey Bay's famous waterfront esplanade
- Secluded location, walking distance to boat harbour
- Relaxed resort ambience, perfect for a true getaway
- Option to purchase standalone 2 bedroom managers villa for $400,000
This management rights business presents the perfect opportunity for an active couple wanting to live and work in one of Queenslands noted holiday destinations.
The perfect location for guest access to the nearby boat harbour, Fraser Island (K'Gari) day trips and whale watching tours.
There is the opportunity to grow the business and increase the letting pool.
Net Profit: $193,500
Asking Price: $677,250
(Not inclusive of managers real estate)
More Information
- Total Purchase Price: $677,250
- Net Income: $ 193,500
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.5
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