Management Rights for Sale

Welcome to Accom Properties

 
 
 

Accom Properties is the most trusted destination for buying or selling resorts, accommodation property and Management RightsAustralia

 

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.



learn more

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.



learn more

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.



learn more

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. 



learn more

Featured Properties

 
 
 

Exceptional Opportunity
Exclusive

CAIRNS CITY
Exceptional Opportunity

$2,950,000
Net Income: $357,566
Managers Estate: $500,000 - Bed - Bath
Complex Units: 131
Letting Pool: 131
Remuneration: $66,525

Calvin Bailey Management Rights
Calling for "Experienced Management Rights Operators" looking for significant upside
Exclusive

SOUTHPORT
Calling for "Experienced Management Righ...

Huge Upside Potential. Unique Holiday Complex
Net Income: $205,000
Managers Estate: - 2 Bed 2 Bath
Complex Units: 94
Letting Pool: 51
Remuneration:

Stratacorp

BYRON BAY
Business For Sale - Central Byron Bay...

$1,850,000
Net Income: -
Managers Estate: - - Bed - Bath
Complex Units: -
Letting Pool: -
Remuneration:

MR Sales
Quality Apartments on the Hobart Waterfront
Exclusive

HOBART
Quality Apartments on the Hobart Waterfr...

Freehold with Business
Net Income: -
Managers Estate: - - Bed - Bath
Complex Units: -
Letting Pool: -
Remuneration:

Knight Frank
19% ROI IN NEW FARM! GREAT ADD-ON, NO UNIT TO BUY, 23 YEARS REMAINING!
Exclusive

NEW FARM
19% ROI IN NEW FARM! GREAT ADD-ON, NO UNIT...

$660,000
Net Income: $128,000
Managers Estate: - - Bed - Bath
Complex Units: 46
Letting Pool: 31
Remuneration: $62,512

RCA Business Brokers
Price Reduced! All offers Considered!
Exclusive

SOUTH BRISBANE
Price Reduced! All offers Considered!

All offers Considered
Net Income: $400,000
Managers Estate: $570,000 2 Bed 2 Bath
Complex Units: 50
Letting Pool: 45
Remuneration:

Next Business & Property Sales

Supplier News

 
 
 

Belise Apartments: making a name for herself

by Trish Riley - Resort News Editor 29th January, 2019

For those in the know, the name Belise means independence and determination. Individuality and learning through one’s own experiences, relying upon ingenuity and practical creativity to [...]

Read More

Syndicate secures Pacific Views management rights off market

by Catherine Langdon 25th January, 2019

AN investment syndicate formed with the express aim of gaining a foothold in the Gold Coast’s lucrative management rights industry has secured a premium Main Beach apartment business off-market in [...]

Read More

PEREGIAN SPRINGS MANAGEMENT RIGHTS PURCHASED AT THE PAVILIONS

by K Lehmann - @realty 17th January, 2019

Troy and Jenni McNeish have taken over the reins of Sunland Group’s 233-townhouse luxury residential community, The Pavilions at Peregian Springs.   The husband and wife management team [...]

Read More

Property News

 
 
 

Brisbane property: catching the eye of savvy investors

by Trish Riley - Editor Resort News 08th February, 2019

With Australian property markets in flux, it’s hard to find certainty or for that matter industry expert consensus, on whether the market is likely to strengthen or weaken. The overriding opinion [...]

Read More

Loan conditions, reviews and refinancing It doesn’t have to be a nightmare

by Mike Phipps - Mike Phipps Finance 06th February, 2019

In the past I have expressed the view that we are moving into a tighter credit environment in which bank lending guidelines will become stricter. We also talked about challenges existing borrowers are [...]

Read More

Think about selling when you buy

by Tony Rossiter - Holmans 29th January, 2019

When selling any business, the key outcomes of a successful sale typically include achieving a quick and pain-free sale at the highest possible sale price. Sounds easy in theory, however can be quite [...]

Read More