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PROFIT IN PARADISE
$1,560,000
Permanent Management Rights, HOPE ISLAND QLD
We are pleased to now offer this upmarket residential Gold Coast Management Rights. Featuring stylish waterfront complexes, a short golf buggy ride to the Marina Shopping Village to where you will find shops, harbour front restaurants and medical facilities. And of course, the golf!
The townhouses are approved by the Foreign Investment Review Board for sale to non-Australian residents and this is good for your letting pool. There presently exists an opportunity to bring further onsite townhouses into your letting pool, currently held by outside agents.
Hope Island is perfectly positioned on the northern Gold Coast only a 60-minute drive to both Brisbane International Airport and Coolangatta International Airport. Just 30 minutes to Surfers Paradise, with its world-famous beaches, shopping, and dining.
Offering a deep-water marina, shops, harbour front restaurants, theme parks, schools and three internationally acclaimed Golf Courses all within a 5 km to 10 km radius, Hope Island is wonderfully located.
The business and associated townhouses are "as new" with excellent terms remaining on management agreements.
Residents shared facilities include, pools and BBQ's, all within modern, tranquil, low maintenance and secure gated communities.
Body Corporate salaries total $113,000 (ex GST) increasing yearly by CPI included in total Net Profit of approx. $182,000 p.a.
Manager's residence, which may be occupied by an approved nominee, is a high standard 3-bedroom, 2-bathroom, 2 car townhouse. No onsite office is required.
A gold standard business within a gold standard location.
Contact me now for more information.
More Information
- Total Purchase Price: $1,560,000
- Net Income: $ 182,611
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 830,000
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?