13 / 6 Back Street, Biggera Waters, Queensland

Waterfront Mixed letting in Biggera Water/brilliant business !!

PRICE REDUCTION - $1.26M MR & $840k Unit = Total $2.1M

Business Description

Come and check out this mixed letting complex in Biggera Waters. All the hard work has been done. Fully renovated Managers 3 bedroom 2 bathroom apartment with front and back Balconies. No office hours on agreement and close to the Broadwater. A massive 32 in the letting pool (with 25 Holiday and 7 permanent).

* MIXED LETTING
* BIG BC SALARY
* 21 YEARS LEFT AGREEMENT (JUST GOT TOP UP)
* FULLY RENOVATED 3 BEDROOM MANAGERS RESIDENCE
* NO OFFICE HOURS ON AGREEMENT
* REPEAT GUESTS
* Office on title
* Complex has Two Pools and access to a Marina
* Mid Size Tennis court
* All balconies facing the lovely open grounds and pools and the Mariner

Come and inspect this property now and reap the benefits of the hard work that has been done.

Call Kerrie Lush ---------- for all the information

Business Summary

Business Snapshot

Price: PRICE REDUCTION - $1.26M MR & $840k Unit = Total $2.1M Net Profit: $306,714 Remuneration / Body Corp Salary: $108,615

Managers Unit

Value of Managers Apartment: $840,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 65Total Units in Letting Pool: 32Owner Occupy Units: 27Outside Agent Units: 5Lockup Units: 1Agreement Term: 21 yearsAgreement Term Remaining: 21 years
Marketing Agent
Kerrie Lush
Kerrie Lush

Key Investment Insights

1. Fully renovated 3 bedroom, 2 bathroom manager's residence with front and back balconies.
2. No office hours on agreement, allowing for a more flexible work schedule.
3. A large 32 units in the letting pool, with a mix of 25 holiday and 7 permanent rentals.
4. A big body corporate salary, providing a steady income for the managers.
5. Long agreement term of 21 years, with a recent top-up.
6. Repeat guests, indicating a strong and loyal customer base.
7. Office on title for easy management of the complex.
8. Two pools and access to a marina for added amenities and attractions for guests.
9. Mid-size tennis court for recreational activities.
10. All balconies facing open grounds, pools, and marina for a pleasant view.
11. Prime location in Biggera Waters, close to the Broadwater.
12. Opportunity to reap the benefits of the hard work already done by the current owners.
13. Total asking price of $2.1 million, including the manager's unit and management rights.
14. Net profit of $306,714, providing a solid return on investment.
15. Remuneration/body corporate salary of $108,615, providing additional income for the managers.

Management Rights Multiplier: 4.11
ROI Estimate: 24.34%

Listing location

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights, Management Rights For Sale

You may also like

Exciting Management Rights Opportunity Available in Noosa
Off Market Group
Exciting Management Rights Opportunity...

NOOSAVILLE

$1,995,000

Net Income: -
Managers Estate: - 2 Bed 2 Bath
Letting Pool: 20
Remuneration:

15.43% ROI Business Only - $324K Net Profit, No Unit Purchase!
Ras360
15.43% ROI Business Only - $324K Net...

TAIGUM

$2.1m Business Only - No Office Hours

Net Income: $323,957
Managers Estate: - - Bed - Bath
Letting Pool: 39
Remuneration: $230,629

Waterfront Resort!!
Gavern Property - Management Rights
Waterfront Resort!!

BIGGERA WATERS

$2,100,000

Net Income: $300,700
Managers Estate: $840,000 3 Bed 2 Bath
Letting Pool: 25
Remuneration: $108,600

Acquire Management Rights in Eagleby - Flexible, Profitable, and Stable | Resort Brokers ID : MR008726
ResortBrokers
Acquire Management Rights in Eagleby -...

EAGLEBY

$2,191,136

Net Income: $274,752
Managers Estate: $680,000 4 Bed 2 Bath
Letting Pool: 102
Remuneration: $139,544

Sunshine Coast Hinterland Management Rights - No Competition, High Margin | Resort Brokers ID : MR008711
ResortBrokers
Sunshine Coast Hinterland Management Rights...

MALENY

$2,000,000

Net Income: $369,270
Managers Estate: $450,000 - Bed - Bath
Letting Pool: 23
Remuneration: $60,553

The Jewel in the Crown
Calvin Bailey Management Rights
The Jewel in the Crown

CAIRNS CITY

$2,050,000

Net Income: $315,000
Managers Estate: $650,000 3 Bed 2 Bath
Letting Pool: 83
Remuneration: $220,000

Exciting Management Rights Opportunity Available in Noosa
Unique Management Rights Opportunity Noosa
Supervisory Role, MOST Paid by Body Corp - ID 8532A
$200,000 NET, Vendors terms Multi business
Opportunity Knocks – It Has It All
BIRCH MOTEL
Your Dream Beachside Home and Profitable Business in Alexandra Headland | Resort Brokers ID : MR008745
High-performing motel in Perth's eastern suburbs - Net Profit over $668,000 | Resort Brokers ID : FH008743
Brisbane’s Best Business Only MLR – Dual Complex, Low Maintenance, High Returns!
Wellington Executive Lease
AN EXCELLENT OPPORTUNITY FOR NEWCOMERS TO THE INDUSTRY - 2774ML
Toowoomba Leasehold Motel Opportunity - 2006ML
15.43% ROI Business Only - $324K Net Profit, No Unit Purchase!
Leasehold Landmark Lords Hotel, sought after rare opportunity Offers Over $350,000 +sav
NSW South Coast Waterfront !
Freehold Western Tourist Park 16% ROI
Quality SEQld Tourist Park 150m from beach
Holiday Park located in the Whitsundays