EASILY MANAGED BY ONE PERSON - ID 9063
$880,000
Permanent management rights, Carrara QLD
Permanent Management Rights For Sale
Basically a wonderful 3 bedroom home with an income
- Permanent letting in central Gold Coast location
- Long term managers of 16 years now retiring
- Long agreements
- Supportive and proactive committee
- First time to the market in 16 years
- Lovely rural outlook
- Beautifully renovated 3 bedroom manager's residence
- Growth potential (increase the letting pool)
The fully renovated residence consists of 3 bedrooms and 2 bathrooms, plus a 2 car garage and office. There is a front balcony plus a large rear courtyard.
First time to the market in 16 years, this quiet permament complex is located midway between the M1 motorway and Broadbeach.
This is an ideal complex for a single operator or anyone new to the management rights industry
Net Profit: $86,003
Total Asking Price: $880,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $880,000
- Net Income: $ 86,003
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 595,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.3
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?