Management Rights for Sale

Welcome to Accom Properties

 
 
 

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

 
 
 

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
EXCLUSIVE - OFF THE PLAN ON BRISBANE’S NORTHSIDE
Exclusive

ALBANY CREEK
EXCLUSIVE - OFF THE PLAN ON BRISBANE’S...

$790,000 + GST (OFF THE PLAN)
Net Income: -
Managers Estate: - - Bed - Bath
Complex Units: 73
Letting Pool: -
Remuneration:

RCA Business Brokers
Business For Sale - VENDOR WANTS IT SOLD - ID 8861 BL
Updated

MONTVILLE
Business For Sale - VENDOR WANTS IT SOLD -...

$1,900,000
Net Income: $320,000
Managers Estate: $300,000 1 Bed 1 Bath
Complex Units: 24
Letting Pool: 23
Remuneration: $44,000

MR Sales
PRICE REDUCED! Management Rights with the WOW Factor! A home on the beach with an income to enjoy life!
Updated

SURFERS PARADISE
PRICE REDUCED! Management Rights with the...

$2,990,000
Net Income: $314,863
Managers Estate: $1,350,000 3 Bed - Bath
Complex Units: 33
Letting Pool: 18
Remuneration: $83,154

RAAS Group
Central location close to popular attractions and transport!!
Exclusive

SURFERS PARADISE
Central location close to popular attrac...

$1,350,000
Net Income: $208,500
Managers Estate: $930,000 - Bed - Bath
Complex Units: 18
Letting Pool: -
Remuneration:

Gavern Property - Management Rights
Sensational Pacific Ocean Views
Exclusive

ALEXANDRA HEADLAND
Sensational Pacific Ocean Views

$2,150,000
Net Income: $281,955
Managers Estate: $620,000 3 Bed 2 Bath
Complex Units: 42
Letting Pool: 24
Remuneration: $48,361

Australian Resort Management Sales

Supplier News

 
 
 

New Manager Profiles

by Rosie Clarke 24th May, 2018

Le Cher du Monde Apartments - Port Douglas Calvin Bailey of Calvin Bailey Management Rights congratulates Lyn Busato on the purchase of Le Cher du Monde in Port Douglas.   New to this [...]

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New Managers Spotlight

by Rosie Clarke 24th May, 2018

Edgewater On Varsity Congratulations to Shaun and Amy Hadrill the new managers of Edgewater On Varsity. Shaun and Amy are not new to the industry, currently managing a large holiday resort in Burleigh [...]

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A message from the RAAS Group CEO

by Rusty Lush 04th May, 2018

Turmoil is enveloping Canberra: the banks are under investigation and the next interest rate movement is likely to be upwards.   Yes, things change. Change is inevitable… and so it is with [...]

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Property News

 
 
 

Why does everything have to be so damn difficult?

by Mike Phipps 24th May, 2018

For those of you who may still think the photo I use in some articles is current, it is not.   The look of shock on some faces when we first meet suggests that it might be time to update said [...]

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Changes are fast coming for NSW real estate licensing

by Col Myers 24th May, 2018

The Property, Stock and Business Agents Amendment (Property Industry Reform) Bill 2017 has now been passed by both houses of the NSW parliament. The accompanying regulations are still being finalised and [...]

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Sensational “easy to run” business comes on Sunshine Coast market

by Rosie Clarke 08th May, 2018

With long agreements, 20-year agreement term remaining, and a generous body corporate salary, this $2.15m Alexandra Headland property will soon be snapped up.   Alexandra On The Pacific [...]

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