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Resort in Rainbow Bay - ID 7875

$1,432,000

Holiday Management Rights For Sale
Priced to Sell

 

  • Located one block back from the beach
  • 36 apartment complex
  • 19 in the letting pool
  • Long agreements, over 20 years
  • Body Corporate salary over $56,000
  • Ideal for either the experienced or first time operator
  • Manager's residence is 2 bed, 2 bath, 1 car space
  • Office is attached and on title
  • Long standing managers have decided to retire
  • Excellent committee and Body Corporate

 

This complex is priced to sell with a 3.8 multiplier on $196,000 net profit, well below market value. Vendor will look at all offers.

 

Net Profit: $196,570
Asking Price: $1,432,000
(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 Brokers
Phil Trimble & Gerard Dixon

Price $1,432,000
Location Coolangatta
Property ID 7875

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