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NO REAL ESTATE - GREAT RETURN ON INVESTMENT
$735,000
Permanent Management Rights, HELENSVALE QLD
On offer is an excellent opportunity to secure a modern Gold Coast residential townhouse Management Rights business without the need to spend your hard-earned capital on Real Estate.
A handsome Net Profit of $146,000 p.a. awaits you. Included within that is an attractive $105,000 (ex-GST) sourced from the Body Corporate Salary.
With a term of 23 years remaining on the Management Agreements, you have plenty of comfort around the business's stability, particularly when you also account for the sizable renumeration included in the profit.
This business is being offered by the developer who will happily provide training and support to the incoming new manager.
Contact Bobo Qi now for an exclusive introduction to this great business opportunity.
More Information
- Total Purchase Price: $735,000
- Net Income: $ 146,771
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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