Do Not Miss this Opportunity
$895,000
Permanent management rights, Alexandra Headland QLD
This Central Sunshine Coast Complex comprises 64 One Bedroom Units, 31 of which are managed by the current Onsite Managers.
With designated Office Hours limited to 9 am to 3.30pm Monday to Friday Operators are able to enjoy the best of the Sunshine Coast Weekends.
The 56 sqm Managers Unit is separate from the Office and located on level 2.
One of the current operators works externally as a shift worker while the other managers the rental business. The large Bedroom, with walk-in wardrobe, has therefore been fitted with excellent block out internal blinds enabling quality day time sleep.
Unit $395,000
Body Corporate Levy - 1/09/2022 to 31/08/2023
$7209 (less pay on time discount of 20%)
Business $500,000
- Caretaking and Letting Agreements current until 11 March 2044
- Net Profit for Sale $158,299
- Body Corporate Salary of $96,520.68 plus GST
- CPI yearly increase each April
- 64 Units, 31 in Rental Pool, 9 Owner Occupiers and 24 managed by External Rental Agents or owner managed
- Office Hours 9am to 3.30pm Monday to Friday
- Large Occupation Authority Office area included
- Includes the following Full Kitchen, Large open office space with 2 work stations, 2 smaller storage rooms, Large open plan lounge dining area, Double Bed in air conditioned room
- Managed Onsite Laundry
- Additional Occupation Authority over additional storage areas
- Private enclosed double car space leads into office area
- Contract will include many of the furniture items currently being used in the Office and living areas
A personal inspection is the best way to truly appreciate this opportunity, please contact the listing Agent for further information and to book your inspection.
More Information
- Total Purchase Price: $895,000
- Net Income: $ 158,299
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 395,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.2
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?