Beautiful QLD Beachside Business - ID 9186

$1,395,000

Resort / Holiday management rights, Bargara QLD

Holiday Management Rights For Sale
The Ultimate Sea Change

Are you ready for the ultimate sea change? This is your chance to own a well-run management rights business in one of Queenslands most sought-after beachside locations. This business presents an exciting opportunity for first-time buyers looking to make a fresh start and enjoy a relaxed yet rewarding lifestyle.

- Perfect for First Time Buyers: Whether youre stepping into the property management industry or simply looking for a solid business investment, this opportunity is ideal for first time buyers. With a successful, established business in place, youll hit the ground running.

- Stunning Location: Located just moments from the beautiful Bargara Beach, live and work in a coastal paradiseenjoying sunny days, beach walks, and the perfect work-life balance.

- Great Work-Life Balance: The business offers the flexibility to enjoy your lifestyle while managing a smooth operation. Spend your days enjoying the beach, knowing that the business is well-organised and easy to maintain.

- Solid Returns & Salary: This business offers great returns, along with a secure Body Corporate salary. Its a financially stable opportunity with consistent income.

- Growth Potential: There is a fantastic opportunity to expand the current rent roll and manage additional units in the area, offering potential for business growth and increased income.

If you're seeking the perfect blend of work and relaxation, this opportunity offers everything you need to create the ideal Queensland lifestyle. Live close to the beach, run a profitable business, and enjoy a fantastic lifestyle in one of Queensland's most desirable locations.

Net Profit: $222,325
Asking Price: $1,395,000
(Inclusive of Manager's Real Estate)

More Information

Financial Overview

Total Purchase Price: $1,395,000
Net Income: $ 222,325 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 500,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.0
_{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: 5
_{Number of units resided in by their owners.}

Lock Ups: 1
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 1
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 19
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 66,709
_{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: 24 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: No set office hours
_{Required Office Hours}

Complex Features: Swimming pool, Spa, BBQ, Wi-Fi

Real Estate Component

Manager's Unit: 2 1

Included Real Estate: $ 500,000
_{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: 0
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: Two bedroom managers apartment on the 4th floor with private balcony giving 180 degree views. Currently in the letting pool as owners live off site, generate great income year round. Provides options for buyers to continue living off site and reap the financial rewards or live on site and enjoy the surroundings. Further opportunity to initially only purchase the business with possible first option to purchase the real estate within 12 months. The office is on a separate title and forms part of the body corporate common area. This enables buyers to feel free to buy/sell the managers unit without the complication of separating the office.