688

Management Rights
For Sale

Motels / Hotels
For Sale

Caravan Parks
For Sale

882

Investment Property
For Sale

Absolute Beachfront Holiday Resort

$1,396,000

Resort / Holiday management rights, Yorkeys Knob QLD

This Cairns Beaches tropical resort is absolute beachfront. A rainforest park blends the resort with the beachfront and the poolside restaurant and bar provides guests with a unique tropical dining experience. The full sized tennis court and basketball court, pool area and onsite restaurant provide real resort facilities. The Manager has a three bedroom en-suited apartment. The restaurant is on title, includes all equipment, is currently leased with this income not included in the net profit. This resort property is located in an emerging holiday beachside area and has the potential to really move. A full property valuation is available to approved buyers.
Call Alex for further information.

More Information

Financial Overview

Total Purchase Price: $1,396,000
Net Income: $ 219,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 630,000
_{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.}

Letting Business

Letting Pool: 20
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 8
_{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: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 32
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 101,000
_{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: No set hours
_{Required Office Hours}

Complex Features: Swimming pool with spa, restaurant and bar, BBQ area, full size tennis court, basketball court, secure underground parking, tour office.

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 630,000
_{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: Lovely 3 bedroom 2 bathroom en-suite apartment with spacious outdoor area. Freehold restaurant on title and leased to operators, brining in extra income not included in the net profit.