Management Rights for Sale

Welcome to Accom Properties

 
 
 

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

 
 
 

Corporate and Holiday Letting Complex at South Brisbane For Sale!
Exclusive

SOUTH BRISBANE
Corporate and Holiday Letting Complex at...

$4,836,000
Net Income: $728,233
Managers Estate: $650,000 2 Bed 2 Bath
Complex Units: 91
Letting Pool: 59
Remuneration: $168,627

Joy Realty
EXCLUSIVE - $605,000 NETT INCOME
Exclusive

AUCHENFLOWER
EXCLUSIVE - $605,000 NETT INCOME

$4,250,000
Net Income: $605,000
Managers Estate: $750,000 3 Bed 2 Bath
Complex Units: 162
Letting Pool: 74
Remuneration: $266,377

RCA Business Brokers
Magnificent opportunity!! Stay a step from Fraser Island -
Exclusive

RAINBOW BEACH
Magnificent opportunity!! Stay a step from...

$1,299,000
Net Income: $275,000
Managers Estate: $245,000 3 Bed - Bath
Complex Units: 30
Letting Pool: 28
Remuneration: $51,000

RAAS Group
EXCITING NEW HOTEL LEASEHOLD OPPORTUNITY
Exclusive

TOWNSVILLE CITY
EXCITING NEW HOTEL LEASEHOLD OPPORTUNITY

Expressions of Interest
Net Income: $430,000
Managers Estate: - - Bed - Bath
Complex Units: -
Letting Pool: -
Remuneration:

Calvin Bailey Management Rights
Price Reduced - Manager Says Sell! Huge Potential for a New Manager!
Exclusive

SOUTH BRISBANE
Price Reduced - Manager Says Sell! Huge...

Price Reduced to $2,660,000
Net Income: $400,000
Managers Estate: $570,000 2 Bed 2 Bath
Complex Units: 50
Letting Pool: 45
Remuneration:

Next Business & Property Sales

MAROOCHYDORE
Business For Sale - Be Quick - Requires...

$1,295,000
Net Income: $218,228
Managers Estate: $295,000 2 Bed 1 Bath
Complex Units: 44
Letting Pool: 19
Remuneration: $106,044

MR Sales

Supplier News

 
 
 

FREE 'Management Rights Made Easy' Seminar

by Resort Brokers 19th July, 2018

An informative, informal and interactive event aimed at newcomers to the Management Rights Industry This informative, informal and interactive event is designed to assist newcomers to the Management [...]

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Management Rights Made Easy seminar for industry newcomers presented by Resort Brokers Australia

by Resort Brokers 03rd July, 2018

Another popular and informative ‘Management Rights Made Easy’ seminar will be presented by Resort Brokers Australia on the Gold Coast in early August, to assist newcomers to the industry. [...]

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Blue C Coolangatta has proactive industry managers

by Amanda Clarke 03rd July, 2018

Extraordinary accommodation, Blue C Coolangatta provides an enviable seaside lifestyle overlooking sun-drenched Southern Gold Coast beaches.   William and Michelle Wetere, originally from New [...]

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Property News

 
 
 

Partnerships and syndicates explained

by Mike Phipps 18th July, 2018

Over the past 20 years, I’ve probably spent more time talking about, writing about and verbally explaining management rights partnership finance than just about any other single issue in the [...]

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Management rights partnerships – why so different?

by Trent Pevy 18th July, 2018

Undoubtedly, one of the biggest changes in the management rights demographic over the past ten years has been the boom in syndicate and consortium purchasers.   Commonly referred to as ‘p [...]

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Tenanted motel investments

by Andrew Morgan 03rd July, 2018

The high return and low risk offered by motels as a tenanted investment was pinpointed by many savvy investors over twenty-five years ago.   In its infancy, in the early 1990s, some leases [...]

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