Key Investment Insights
1. The Golden Sands Beachfront Resort is located in one of the most sought after locations in the world, offering a prime opportunity for buyers.
2. The resort offers a mix of short-term holiday lets and longer-term rentals, providing a diverse income stream for the buyer.
3. The property is situated in a tranquil suburb, away from the hustle and bustle but still close to major attractions and amenities.
4. The manager's unit is a spacious 3 bedroom apartment with a private patio and recent updates, providing a comfortable living space for the buyer.
5. The resort also has an additional source of income from a leased out restaurant, providing extra revenue for the buyer.
6. The management rights business is well-established and highly profitable, making it an attractive investment opportunity.
7. The long-term agreements and solid net profit make this business a low-risk investment.
8. The buyer has the flexibility to have a nominee live in the manager's unit, allowing for a more passive management approach.
9. The resort is managed by Ras360, a specialist in management rights, motels, hotels, pubs, and parks.
10. The total price for the management rights and manager's unit is $1.396 million, with a net profit of $219,000 and a remuneration/body corp salary of $101,000.
Management Rights Multiplier: 3.36
ROI Estimate: 29.76%