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Central Location alongside the Golf Course!!
$1,400,000
Permanent management rights, Clear Island Waters QLD
A dated high-rise complex located in the heart of Surfers Paradise, close to all the amenities, only minutes to the beach, and alongside the golf course. This complex facilities includes a resort style pool and a sauna.
In close proximity to this complex are schools, public transport, shopping centres, sports grounds, gyms and the golf course.
NO SET HOURS!! ABLE TO APPOINT A NOMINEE!! NO NEED TO LIVE ONSITE!! LONG TERM AGREEMENTS!! GREAT BODY CORPORATE SALARY!!
Spacious and comfortable a potentially 2 bedroom managers unit, laundry, spacious kitchen, large lounge area leading out to a huge private patio. A separate office on the ground level. One secure undercover parking bay. Images might not depict this complex.
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: $1,400,000
- Net Income: $ 189,100
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 550,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.5
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?