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Management Rights Opportunity â Tranquil Shores, Caloundra
$450,000
Resort / Holiday management rights, Caloundra QLD
1Agency Letting & Management Rights is proud to present the management rights to Tranquil Shores, a boutique holiday apartment resort in the heart of Caloundra on the Sunshine Coast.
Highlights:
Prime location overlooking Pumicestone Passage, steps from Bulcock Street & The Waterfront boardwalk
12-apartment letting pool (9 holiday, 3 permanent)
Strong net profit: $140,692
Long 25-year accommodation module agreement (exp. 2049)
Body Corporate remuneration: $33,687 + GST
Business can be purchased as a stand-alone opportunity, with the option to also acquire the managers unit if required
Facilities include heated pool, spa, BBQ area, secure parking & lush gardens.
Business Price: $450,000
Optional Real Estate: $750,000
Enquiries: Mark McKay 8
More Information
- Total Purchase Price: $450,000
- Net Income: $ 140,692
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
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?