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Long Term Agreements and No Fixed Hours or Need To Live Onsite!!
$1,450,000
Permanent management rights, Biggera Waters QLD
Large Modern 3 Level Terrace Home on a Double Block!!
A complex located close to Harbour Town shopping centre that offers many facilities including outlet retail shopping, quality dining, with entertainment and movie cinemas. Within only approximately a 10 minute drive to Griffith University and the Gold Coast University Hospital.
A small boutique complex with low BC fees, a pool with an entertainment area, and the convenience of being close to one of the bigger shopping precincts on the Gold Coast. Images might not depict this complex.
On offer: 24 years agreements, no fixed hours, no need to live onsite.
Managers double block terrace home features include Ground floor with a large tandem garage, laundry & lots of storage, fully fenced private courtyard and additional parking for 3 cars. The first floor consists of a large open plan kitchen, dining & living areas with a huge private terrace for entertaining and powder room. The second floor consists of 3 large bedrooms all with built in robes, the master bedroom with a beautifully appointed ensuite, fully ducted air conditioning with ceiling fans in all bedrooms. All this and an on title office.
To arrange an inspection please call: Gavin - 08854 or email:
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
More Information
- Total Purchase Price: $1,450,000
- Net Income: $ 87,200
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,000,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.2
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?