Miami, Queensland

Massive $300,000 Price Crash in Miami - ID 8260

$2,475,000

Business Description

Holiday Management Rights For Sale
Huge Potential Upside

• Vendor needs a quick sale for personal reasons

• 21 years remaining on agreements

• Body Corporate salary of $121,889 + GST

• Renovated 2 bedroom manager's residence with office on title

• 4.5 multiple, overall 15% ROI including residence

• This holiday business is only a stone’s throw from the beach

An enthusiastic new operator could potentially increase the net profit by $80,000, and possibly more, thus increasing the capital price of the business by over $350,000 based on today’s market.

Net profit $377,876
Total price $2,475,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Broker:
Gerard Dixon

Property Code: 764

Business Summary

Business Snapshot

Price: $2,475,000 Net Profit: $377,876 Remuneration / Body Corp Salary: $121,889

Managers Unit

Value of Managers Apartment: $775,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title

Spacious two bedroom residence, Two bathrooms, Recently renovated with new kitchen and flooring, Single car accommodation, Verandah, Walk to the beach!

Complex Information

Complex Type: n/aTotal Units in Complex: 71Total Units in Letting Pool: 38Owner Occupy Units: 15Outside Agent Units: 16Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesPay TV: YesWIFI: Yes

Marketing Agent

Gerard Dixon

MR Sales

Key Investment Insights

Key Insights:

1. The business is a holiday management rights business located in Miami, with a massive price drop of $300,000.
2. The vendor is looking for a quick sale due to personal reasons.
3. The agreements for the business have 21 years remaining.
4. The body corporate salary is $121,889 + GST.
5. The manager's residence has been renovated and includes an office on title.
6. The business has a 4.5 multiple and an overall 15% ROI, including the manager's residence.
7. The business is located close to the beach, making it an attractive location for potential guests.
8. There is potential for an enthusiastic new operator to increase the net profit by $80,000 or more, potentially increasing the capital price of the business by over $350,000.
9. The net profit for the business is $377,876.
10. The total price for the business, including the manager's real estate, is $2,475,000.
11. The manager's apartment is valued at $775,000 and has two bedrooms, two bathrooms, and a single car accommodation.
12. The complex has a total of 71 units, with 38 units in the letting pool, 15 owner-occupied units, and 16 units managed by outside agents.
13. The agreement module for the business is accommodation, with a term of 25 years and 20 years remaining.
14. The complex features a pool, spa, pay TV, and WIFI.

Management Rights Multiplier: 4.50
ROI Estimate: 22.23%