Management Rights for Sale

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Accom Properties is the newest destination for buying or selling resorts, accommodation property and Management Rights in Australia

 

Management Rights For Sale

Management rights is the industry name for a business arrangement between resident managers of strata titled properties (complexes comprised of units owned by different entities) and a property developer or body corporate made up of unit owners.


Two agreements are key to owning management rights:


A ‘caretaking agreement’ permits a manager (or managers, often a couple) to live in one unit onsite and take care of common areas within the complex, such as swimming pools, tennis courts, stairs, the car park, etc. A base salary and list of responsibilities are included in this agreement with the body corporate.


A ‘letting agreement’ with the body corporate gives a resident manager exclusive rights to let out units in the complex on a commission basis. The nature of commission is often negotiated with each unit owner.
Management rights owners always reside onsite but the nature of their accommodation fluctuates depending on the complex. Some properties offer resident managers a one-bedroom unit and office for day-to-day operations; others may offer a luxury penthouse suite and private elevator.


Each management rights agreement is as unique as its property.



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Hotels for Sale


So you want to buy a hotel?


Hotels come in many shapes and sizes from smaller boutique properties to mid-sized B&Bs, larger multi-facility operations and huge, resort-style enterprises. To become a hotel owner is to invest in real estate as well as a business. There are many things to consider when purchasing a hotel investment.


What to consider when buying a hotel property:


Location: if you build it, will they come? Proximity to tourist hotspots, business hubs, hospitals, universities, etc., will influence bookings.


Competition: how many similar properties are in the area? Point-of-difference is a massive marketing tool and as an independent accommodation provider on social media it is much easier to market something that stands out.


Local business: will your guests have things to do? With Google maps on smartphone speed dial, it is easier than ever for potential guests to research local areas. People are more likely to stay somewhere if they spot a couple of interesting cafes, shops or bars within walking distance.


Development: what’s going on in the next few years? In just five years, a whole town or area can completely change. It’s well-worth checking what planning permissions have gone through; ask the locals about development rumours or upcoming upgrades. Find out if any new shopping areas, parks, schools, restaurants, roads, etc., are on the cards. These could all have an impact on future bookings for better or worse.



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Motel for Sale

So you want to buy a motel?

 

Motels are uniquely designed to target motorists and have a distinctively low-rise aesthetic. To purchase a motel outright and operate it yourself, would infer a situation known within the industry as ‘Freehold Going Concern’. This method of motel purchasing was particularly popular prior to the 1980s.

 

Nowadays, in Australia, people can purchase a long-term lease from a motel owner or landlord in a situation referred to as a ‘split’ motel. This motel leasing idea was pioneered in the 1980s by now managing director of Resort Brokers Australia, Ian Crooks.

 

How long is a motel lease?

 

The standard length of a lease in a split motel is approximately 30 years, made up of a ten-year baseline, plus multiple five-year extensions. Similar to a management rights agreement, the leasing party usually lives onsite and takes care of daily motel operations.

 

Who does what?

 

In both motel models, the landlord owner of the property takes care of all structural lot maintenance repairs. In a split motel, the landlord owner also receives annual rent from the leasing party. The rental agreement may include a review clause but usually increases by CPI each year.

 

The leasing party in a split motel runs the business side of things, doing all they can to increase profit-by-occupancy. They pay all operating fees and costs, including utilities. The owner becomes a passive investor in this agreement, responsible only for structural land/property maintenance.



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Caravan Park for Sale

So you want to buy a holiday park / Caravan Park?

 

A holiday park is an umbrella term referring to parks or areas that house caravans, cabins, camp sites and mobile homes for short-term let, permanent use, or a mix of the two.

 

Holiday parks are increasingly innovating and diversifying their space; not just with powered sites, ‘glamping’ rooms and ensuites but with resort-style facilities and varied services.

 

What are the purchasing models?

 

Like motels, holiday parks can be bought outright in an agreement known as ‘Freehold Going Concerns’, or in a ‘Split’ model that involves a long-term managing lease. 

In the freehold model, an owner-operator rules the roost, covering all fees, administration and maintenance as well as marketing, making bookings and keeping all profits.

 

In the split arrangement, it is the leasing party’s responsibility to operate the park, doing all they can to increase profit-by-occupancy, and pay the owner an annual rent. The rental agreement may include a review clause but usually increases by CPI each year. The owner becomes a passive investor in this agreement, responsible only for structural land/property maintenance. 



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Featured Properties

 
 
 

Management Rights & Rent Roll Business
Exclusive

WESTERN AUSTRALIA
Management Rights & Rent Roll Business...

Net Profit $1.2M - Price $3.65M
Net Income: $1,200,000
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Prime Resort Sales

PALM COVE
Brilliant Opportunity - Beachfront with...

$3,600,000
Net Income: -
Managers Estate: $300,000 1 Bed 1 Bath
Letting Pool: 35
Remuneration: $55,000

Calvin Bailey Management Rights
Luxury resort-like gated community
Exclusive

PELICAN WATERS
Luxury resort-like gated community

$1,765,000
Net Income: $188,000
Managers Estate: $730,000 4 Bed 2 Bath
Letting Pool: 113
Remuneration: $192,960

Australian Resort Management Sales

MAIN BEACH
High End Beachside Holiday!

$ 2,450,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

First National Think Management Rights
Paradise on the Gold Coast
Exclusive

PALM BEACH
Paradise on the Gold Coast

$2,656,000
Net Income: $384,300
Managers Estate: $585,000 4 Bed 3 Bath
Letting Pool: 33
Remuneration: $59,547

Property Bridge
LARGE 50 ROOM LEASEHOLD MOTEL WITH HIGH RETURN IN NSW FOR SALE
Exclusive

ORANGE
LARGE 50 ROOM LEASEHOLD MOTEL WITH HIGH...

Under Contract / Offer
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

A B Brokers

Supplier News

 
 
 

Your FNQ Management Rights Specialist - Calvin Bailey

by Accom Properties 29th September, 2017

Welcome to Calvin Bailey Management Rights. Our North Queensland business was established with Property Pacific Pty Ltd in 2003 to provide specialist sales and marketing services to the management rights [...]

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Australian Resort Management Sales

by Accom Properties 26th July, 2017

Australian Resort Management Sales was established on the Sunshine Coast in 2002 by John Hellyer and Barry Humphries after both had previously worked as North Coast representatives for a Gold Coast based [...]

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Finance for Management Rights, Motel & Caravan Parks

by Accom Properties 21st July, 2017

About Mike Phipps Finance Mike Phipps Finance provide a boutique finance brokerage and consultancy service. Our client focused team will assist you in accessing customised finance solutions for your [...]

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Property News

 
 
 

Management rights finance

by Steve Burton, Principal, PCS Finance 12th November, 2017

Management Rights Finance Financing management rights purchases get harder and more complex each day.   A buyer needs to realise that the banks have a range of different policies and [...]

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Accounting and taxation aspects of financing management rights

by David Jackson, Hospitality & Strata 12th November, 2017

Financing costs are a significant expense in the operations of a management rights business so it is important they are structured correctly to maximise the potential taxation benefits.    [...]

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Ocean Reach family finds what it was looking for!

by Mandy Clarke, Resort News Reporter 12th November, 2017

Ocean Reach is a stunning, waterfront, 100-unit, apartment complex on one of the Sunshine Coast’s most prestigious locales, Kawana Island.   The property has unmatched resort-style [...]

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