Business For Sale - Montville Money Maker - ID 8861 BL
Sunshine Coast Management Rights For Sale
If you are looking for a reason to move from the City and re-locate to an area that has been Covid free to date then look no further. This short -term management rights business will suit an experienced accommodation operator or a couple with good marketing skills. The business has thrived over the past 2 years despite covid, lockdowns and the like. In addition to the recent growth there is potential for further improvement of profits as the economy improves and the property has many forward bookings.
Main features include:
• 21 units of mixed sizes from studio to 2 beds, all with a standard 4.5 star fit-out
• Short term letting only - not zoned for owners living onsite
• No need for manager to live onsite
• No set hours in the agreements
• Minimal grounds & gardens - no pool or BBQ area to maintain
• As new building, 20 years on agreements & good Body Corporate
This property is marketed as an ideal location for romantic couple stays, wedding groups or small corporate conferences. It is the premier accommodation of its type in the area and units are not suitable for permanent living giving you security of rental pool numbers.
Adjoining your new business is an onsite Bar & Restaurant that caters for your guests and outside patrons. This could also be bought or leased if required but not necessary as the current operator is happy to stay on and work with you to the benefit of both businesses. The 1 bed managers apartment could also be let out to earn extra income
Perched high on the hill, yet only 30 mins from the coast, Montville is a tourist hotspot that has a European Village vibe. It has something for everyone, from wineries to cheese factories, from crafty shops to world class dining. It is an extremely popular place for weddings and a new chapel has just opened next door to this property- the benefits to your business are only just starting to show. This is a great alternative to a coastal getaway and it is less than 90 mins to the Brisbane CBD.
This building will impress!
Net Profit: $430,341
Asking Price: $2,250,000
(Inclusive of manager's real estate)
For further information or to arrange an inspection of this Sunshine Coast management rights business for sale contact:
Management Rights Broker
Net Profit: $430,431 Remuneration / Body Corp Salary: $52,201Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $250,000Bedrooms: 1Bathrooms: 1Car Spaces: 1
One bedroom, One bathroom, Single car accommodation, No requirement to live onsite
Complex InformationComplex Type: HolidayTotal Units in Complex: 24Total Units in Letting Pool: 21Holiday Units: 21Outside Agent Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 20 yearsFunction Facilities: Yes