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BYRON BAY MANAGEMENT RIGHTS GEM
$2,293,086
Resort / Holiday management rights, Byron Bay NSW
Premier Business Sales are offering to the market an exceptional opportunity to own a boutique management rights property in the heart of Byron Bay one of Australias most sought-after coastal destinations. This well-established business offers a unique lifestyle/investment combination with strong income, minimal caretaking duties, and a beautifully maintained complex that attract high-end clientele year-round. Live and work in paradise with the flexibility and freedom that only boutique management rights can offer.
This is an outstanding offering in one of Australias most desirable holiday markets. The complex has no requirement to live onsite allowing the owners to generate excellent additional income by including the managers unit in the holiday pool, currently over $50k additional income not included in the P&L.
This resort is centrally located, a mere five-minute walk into Byron town centre and only a couple of minutes to the pristine sands of Belongil beach.
- Popular location
- Offering the freedom of no requirement live on site and no set office hours
- Consistent performer
- Byron Bay one the hottest holiday destinations in Australia
- Long term agreements
- 15 x 1-bedroom apartments & 1 x 2-bedroom managers apartment
- Net Profit $279k +
Enquire now rare opportunities like this in Byron Bay dont last long!
More Information
- Total Purchase Price: $2,293,086
- Net Income: $ 279,300
(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.
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
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?