LUXURIOUS, PERMANENT, BUSINESS-ONLY MANAGEMENT RIGHTS IN KIRRA | Resort Brokers ID : MRB007713
Under Contract / Offer
ResortBrokers present the opportunity to acquire the Management Rights to The Del Ray, a premium, business-only MR in the heart of one of the Gold Coast’s most popular holiday destinations, the iconic Kirra Beach.
The business has a Net Profit of $160,643 inclusive of a generous $97,200 caretaking remuneration, with solid upside potential for the pro-active manager. There is a strong demand for permanent beachside rentals in Kirra with low turnover and minimal vacancy rates, don't miss your chance.
With no unit to purchase, no requirement to reside onsite and no fixed office hours, this business-only, permanent let management rights provides an incredible opportunity for an experienced operator wanting to expand their Management Rights portfolio on the Gold Coast
- Iconic Kirra Beach location
- Exclusive use manager's office on title
- No requirement to own or reside on-site
- Anticipated 19 units inpermanentletting pool
- Easily managed caretaking - low maintenance facilities
- 72 luxury two and three bedroom apartments and townhouses
- High quality mid-rise building with indulgent rooftop facilities
- Inspections by appointment only
Date updated: 26 Nov 2023 22:00:08
Price: Under Contract / Offer
Net Profit: $160,643 Remuneration / Body Corp Salary: $97,200
Complex InformationComplex Type: PermanentTotal Units in Complex: 72Total Units in Letting Pool: 19Holiday Units: 19Owner Occupy Units: 52Agreement Term Remaining: 25 years
Key Investment Insights1. Prime location in iconic Kirra Beach, a popular holiday destination on the Gold Coast.
2. Business-only management rights with no requirement to reside on-site.
3. Net profit of $160,643, inclusive of a generous $97,200 caretaking remuneration.
4. Anticipated 19 units in permanent letting pool, providing stable income with low turnover and minimal vacancy rates.
5. Exclusive use manager's office on title.
6. Easily managed caretaking with low maintenance facilities.
7. High quality mid-rise building with indulgent rooftop facilities.
8. 72 luxury two and three bedroom apartments and townhouses in the complex.
9. Agreement term remaining for 25 years.
10. Inspections by appointment only.