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SUPERB RETURN ON INVESTMENT - NO REAL ESTATE
$485,000
Permanent Management Rights, HELENSVALE QLD
Secure a modern Management and Letting Rights business on the Gold Coast!
No Real Estate to purchase.
Beautiful, gated residential townhouse complex
Net Profit of $107,000 p.a. with Body Corporate Salary component of $88,000 (ex-GST), representing 82% of total net income.
A term of 21 years remains on the Management Agreements, and this provides robustness around the business's stability, particularly when you consider the sizable renumeration paid in relation to profit.
Offered for sale by the developer, you shall be provided with excellent on the job training with robust operational systems in place.
For your tailored introduction to the business please contact Selina Zhong.
More Information
- Total Purchase Price: $485,000
- Net Income: $ 107,555
(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