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Management Rights Business and Three Bedroom Beachside Apartment

Management Rights , Corporate Sales above $1m

Gold Coast, QLD 13 Views

Asking Price $1,649,000 for 100 %

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SALE OR INVESTMENT DETAILS

  • Yes Finance Available (subject to approval)

Reference ID: 20726162

Highlights

  • Management Rights Business and Three Bedroom Beachside Apartment
  • Three-bedroom, two-bathroom, two car spaces, allocated storage areas
  • Pre and post-sale support, provided by the Management Rights Academy
  • All consumables and equipment provided by the Body Corporate

Executive Summary

An opportunity to acquire a Management Rights business, two-minute walk to the beach in an ideal family location. Requires some marketing changes which could add 30-40% increase in letting commission.


Location Details

Prime location within a short bus ride to the major shopping centres, or a ten-minute walk to the heart of the local bustling cafe strip in iconic Burleigh Heads. The property is 50 metres to the beach, with oceanside walking pathways, north to Surfers Paradise and south to Coolangatta.


Potential

- Potential through ramping up marketing to the existing letting pool

- No current Social Media push, allowing this aspect to leverage further on promotions, giveaways, prices etc

- Additional apartments could be secured, that are let by Outside Agents 

- Self-check-in after hours

- Minor handyman work could be an add-on to the income


Skills

This business would suit a new entrant, given the minimal tasks and workload. Building the business, talking with Owners and engaging with the guests will grow this business. It may also suit a couple/family where one partner may wish to work outside of the business in their regular role but benefit from $200,000+ earnings.


Hours

There are no specific hours within the Agreements, but being during business hours would be recommended Caretaking duties around 8-10 hours per week. 


Employees

No staff required. Housekeeping services are outsourced

About the Business

Management Rights are the operation of strata titled accommodation, which has duties within a commercial agreement with the Body Corporate, to maintain the property with tasks such as lawn mowing, gardening, pool cleaning and the safety of the common areas. Additionally, agreements are entered into, to rent out the Owners accommodation, increasing income through letting commissions and services.

This property is ideal for learning this business before embarking on a larger property. Consistent income, long agreements and two-thirds of the apartments not in the letting pool. Potential with a full license to sell property on-site and secure further investors to build the letting pool.


Key facts about this Management Rights business: 

- The office is on title

- The manager's apartment is three-bedroom, two-bathroom, two-car spaces, allocated storage areas

- Caretaking duties are minimal

- Training and handover period will apply

- All consumables and equipment provided by the Body Corporate 

- Significant reserves held by the Body Corporate for future works

- Ezyres reservations system in place

- Pre and post-sale support, provided by the Management Rights Academy


For more information on this opportunity, please contact the undersigned:


Stephen West 

Management Rights Sales Specialist

Mentored Business Sales, Corporate Business Sales & Acquisitions

M: 0434 915 516 T: 1800 858 696 E: swest@mentored.com.au


Disclaimer:

Due to the confidential nature of the sale, images used may be stock images and not representative of the businesss for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

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