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AccomProperties is the trusted destination for buying Management Rights, Motels, Hotels and Caravan Parks 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 ACCOMProperties

 
 
 

DOOLANDELLA
Business For Sale - Business Only With High...

$1,660,000
Net Income: $307,000
Letting Pool: 102

MR Sales
GLADSTONE MOTEL -  FREEHOLD PASSIVE INVESTMENT 9% NET RETURN $1,110,000
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SOUTH GLADSTONE
GLADSTONE MOTEL - FREEHOLD PASSIVE INVE...

Freehold Passive Investment - $1,110,000

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GREAT BUY! MULTIPLIER OF 4.6
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MANLY WEST
GREAT BUY! MULTIPLIER OF 4.6

$1,230,000
Net Income: $170,452
Managers Estate: $450,000 3 Bed 3 Bath
Letting Pool: 50

Property Bridge

PACIFIC PINES
PRICE REDUCED FOR QUICK SALE!

OFFERS $1,799,000 to $1,835,000
Net Income: $245,000
Managers Estate: $560,000 4 Bed 3 Bath

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Supplier News

 
 
 

Meet the industry stalwarts making waves at Savills Hotels

18th August, 2020

Tony Bargwanna and Leon Alaban have been promoted National Director – Hotels, effective immediately.   Tony is recognised as one of Australia’s most senior hotel industry specialists [...]

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Expressions of interest now being taken for Magnoli, Palm Beach on the Gold Coast

02nd July, 2020

With the finishing touches underway at Magnoli Apartments, Sunland Group in partnership with Lehmann Management Rights, formally launches the Expression of Interest campaign for the Management Rights of [...]

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Archer Gowland | Management Rights: Building the Foundations to Mitigate the Commercial Impacts of COVID-19

by Smiljan Jankovic - Archer Gowland 27th April, 2020

You are invited to join Archer Gowland for our exclusive webinar presentation - Management Rights - Building the Foundations to Mitigate the Commercial Impacts of COVID-19. Our 45-minute [...]

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Property News

 
 
 

Dates in management rights agreements: have you set an EPIC reminder?

by Vanessa Sciortino - Special Counsel Nicholsons Solicitors 23rd September, 2020

Managers of management rights businesses have had a lot on their minds lately. From keeping people safe during the global pandemic to getting the tourism industry back on track, it’s easy to see [...]

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Part 2: No better time than now

by Andrew Morgan - QTHB 26th August, 2020

Last issue, we considered how day-to-day operations engulf every business owner’s time.   When things are good, operating costs are not an issue. However, when activity decreases, the [...]

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Western Australia… the last place the sun shines

by Col Myers - Small Myers Hughes 26th August, 2020

The management rights business model is well entrenched in Queensland and New South Wales, and a growing market in Victoria.   But what is less known is that management rights are also found [...]

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Management Rights for Sale

 

With Queensland being the "capital" of Management Rights in Australia, it makes sense that Queensland has the most for sale at any given time. 

 

As a business, Management Rights offer you the seachange or tree change that you have been looking for. With flexible hours, and a relatively stress free lifestyle, it is understandable that management rights are in demand and a highly saught after commodity. 

 

With a large amount of management rights for sale, AccomProperties has broken them up in to the most popular regions for you to browse through, including  The Sunshine Coast, Gold Coast, and Brisbane.

 

If you know the area that you are looking for, feel free to search to find the perfect location for your lifestyle upgrade.

 

 

Motels For Sale

 

AccomProperties is a leader in Motel inventory in Australia. With Motels being a necessity for any traveller, they become a valuable resource.

 

There are many motivations for buying a Motel, including lifestyle / business change, short term financial return, or capital growth as part of a larger plan. EIther Freehold or Leasehold, motels are historically a sound investment.

 

With Motels for sale all over Australia, AccomProperies is in a position to break the stock in to regions such as the Geelong, Gold Coast, Tasmania, to name a few.

 

If you already know where you are looking to buy your Motel, please click here, and search by region.