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Helensvale Lifestyle!
$1,200,000
Permanent management rights, Helensvale QLD
SIRE is offering an attractive Permanent Management Rights opportunity with strong income stability and clear upside for an incoming operator.
The investment snapshot
Asking: $1.2M (negotiable)
Body Corporate salary: $100,546 + GST, CPI indexed annually
Income profile: $175,705 with Caretaking salary represents over 75% of total net income (stable base)
Operations: Currently run as a straightforward sole-operator business (caretaking + letting)
Location & resident appeal
Residents benefit from being close to Westfield Helensvale and the Helensvale transport hub (train + tram/light rail), plus:
Onsite swimming pool
Secure parking + basement storage
In the catchment for Helensvale Primary and Helensvale State High Managers apartment (separate income stream)
A modern 2 bed / 2 bath / 1 car managers residence is currently leased at approx. $43,680 p.a. (about $840/week) this is additional income to the business net profit shown.
Contact the SIRE Team now for an inspection!
More Information
- Total Purchase Price: $1,200,000
- Net Income: $ 121,875
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 700,000
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?