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Large Income and Permanent MR Business in Biggera Waters
$2,890,000
Permanent management rights, Biggera Waters QLD
NEXT Realty is proud to present an exclusive opportunity to acquire the management rights of a large income permanent management rights business in Gold Coast, indeed it is a good opportunity for astute investors seeking stability, growth, and long-term returns.
Key Features
- Well-established permanent business in Biggera Waters, a dynamic/leafy suburb of Gold Coast
1 Min to the Broadwater
2 Min to Local bus stop on Brisbane Rd
2 Min to Coles Supermarket
6 Min to Harbour Town Shopping Centre
6 Min to Runaway Bay Shopping Centre
8 Min to Griffith University - Gold Coast Campus
8 Min to Gold Coast Hospital
10 Min to Australia Fair Shopping Centre
- Huge Net Income $423,639 in the P&L prepared by a professional Industry Accountant
- Fantastic Body Corporate salary of $236,282, with annual increase by CPI every September
- Well-run building, well-established business and all procedures documented
- Complex very popular with tenants
- Healthy Body Corporate relationship in place
- 20 years long term agreements on a BCCM Accommodation Module
- Spacious office on ground floor, be contactable during normal hours
- Manager Lot was valued by a Industry Specialist Valuer on bank panel at $810,000
If you want to buy a well-established operation with strong financials management right business, it ticks all your boxes, please book your inspection immediately with Exclusive Agent - NEXT Realty
Inspection by appointment only
More Information
- Total Purchase Price: $2,890,000
- Net Income: $ 423,639
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 810,000
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?