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LAKESIDE COMPLEX - NO NEED TO LIVE ONSITE
$1,800,000
Permanent Management Rights, CLEAR ISLAND WATERS QLD
We are pleased to offer this stunning Gold Coast Management Rights business for sale.
A fabulous, residential, gated townhouse community centrally located within 5 km of three major shopping centres: Pacific Fair, Robina Town Centre and Q Super Centre.
A healthy Body Corporate salary of $124,000 with 22 years remaining on management agreements which represents a high component of total net profit of $195,000. Potential for additional maintenance income should you be a handy person.
The 3 bedroom lake frontage manager's residence, is currently rented for $45,000 p.a.
Enjoy the community's resort like lagoon pool and BBQ entertainment area. An excellent choice of both private and quality public schools within close proximately.
Well maintained common areas and happy long term tenants make for a very good business in such a blue chip location. Get to select the best quality tenants with this business.
The suburb of Clear Island Waters offers up the very best of the Gold Coast. Act now!
More Information
- Total Purchase Price: $1,800,000
- Net Income: $ 195,847
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 820,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?