$400000 Net Operating Profit, From Jointly Operated Resorts

Brisbane, Queensland 4000

Offers Over $1100000

Key Features

AI generated. Contact seller to confirm.

  • Two waterfront holiday resorts located close together
  • Management rights, real estate agency and letting agreements
  • Consolidated phone and computer systems for easier operation
  • Property management of 70 apartments
  • Only 30 apartments currently in the rental pool
  • Potential to expand holiday letting and increase profits
  • Net Profit: $400000 net operating profit
  • Rent/Lease: Guaranteed annual income of $175,000, increasing annually by CPI until 2045; management agreement can be extended past 2045

Property Management Rights, Real Estate Agency and Letting Agreements for one or both Waterfront Holiday Resorts which are situated close together.

Business Details

Business Category Management Rights Property Real Estate Resort

$1,100,000 is for the two SYLVAN BEACH RESORTS.
Management Rights, Real Estate Agency and Letting Agreements for two Waterfront Holiday Resorts, close together with consolidated phone and computer systems enabling ease of running for a business couple.

BE PAID A GUARANTEED ANNUAL Income of $175,000, which increases annually by CPI until 2045, plus a generous return from holiday and permanent rental commissions.

The Profit and Loss statements from accountants should see only a low deposit, depending on your financier

PROPERTY MANAGEMENT of 70 apartments for which only 30 are in the Rental pool so room to grow
EASY TO RUN WITH ONE ONLY FAMILY MEMBER OR SPREAD THE INCOME
HOLIDAY LETTING WHICH HAS POTENTIAL TO EXPAND AND INCREASE CURRENT PROFITS and you can extend the Management Agreement past 2045
WALK INTO BUSINESS THAT OFFERS YOU AN EXCELLENT GUARANTEED INCOME FOR MANY YEARS TO COME

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Bsale ID: 638402

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