Actual Beachfront Location - ID 9139

$1,380,000

Resort / Holiday management rights, Palm Beach QLD

Holiday Management Rights For Sale
See the sand and water from your living room!

- Phenomenal location generates massive repeat business
- Easily run by two person team
- Long time, reliable cleaners in place
- Renovated 2 bed, 2 bath manager's residence
- Flexible work/life balance
- Sales increasing, nearby construction now complete
- Low caretaking duties, very little gardening to be done
- Supportive committee
- Unit below 2023 valuation

This is a rare holiday building that could almost be classified as a lifestyle business. A wonderful location right on the beach drives large repeat clientele. A terrific starter complex for a couple new to the Management Rights industry or for seasoned MR professionals who are ready to simply enjoy a beachfront lifestyle enhanced by cashflow. Beachfront residential apartments in the area are selling for over $1.2m without any business attached.

Net Profit: $133,983
Asking Price: $1,380,000
(Inclusive of manager's real estate)

More Information

Financial Overview

Total Purchase Price: $1,380,000
Net Income: $ 133,983 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 900,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.6
_{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: 15
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 11
_{Number of units resided in by their owners.}

Lock Ups: 2
_{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: 30
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 56,757
_{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: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 34 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Heated swimming pool, Spa, BBQ, Security parking, Storage, CCTV, Wi-Fi

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 900,000
_{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: No
_{Can the manager own a pet on site?}

Unit Features: Fully renovated, 2 bedrooms, 2 bathrooms, Stone bench tops to kitchens and bathrooms, Air conditioning and ceiling fans, Single car accommodation, Uninterrupted ocean views - absolute beachfront.