Proudly supported by all of the industry's leading brokers
Sunshine Coast + 406k + Net + No Residency or Office Hours = Your Next Business | Resort Brokers ID : MR008351
$2,850,000
Permanent Management Rights, MAROOCHYDORE QLD
For the first time in a decade, this exceptional business opportunity is available on the market. Recently extended to a 25-year term, the long-term accommodation module agreements highlight a truly harmonious scheme, making this a rare and stable investment. Located in the desirable Buderim area, this property offers significant potential for new managers to enhance profitability and capitalize on a thriving market.
What sets this business apart is its unparalleled flexibility and lack of set office hours, providing a unique operational advantage. The property features no elevators, low-maintenance tiles, and minimal thoroughfares, with tenants responsible for putting out their own bins. This simplicity in management makes the operation remarkably efficient. The current setup supports a passive management style, with no requirement to reside on-site. Additionally, the spacious 4-bedroom townhouse generates an extra $35,000+ in annual income, which is not reflected in the P&L, further enhancing the investment's attractiveness.
Offering no set office hours and the ability to lease out the managers residence independently, this property presents a flexible and lucrative opportunity. The building, composed entirely of townhouses, is easy to maintain, and the upcoming staged painting project will enhance its aesthetic appeal, boosting the propertys value.This opportunity is perfect for investors seeking a profitable, low-maintenance business with substantial growth potential.
- Rent out the managers unit for an additional 35k per year
- Management have just received a 5 year tenure top up to 25 years
- Streamlined business can be ran with ease of operation
- High rental demand area, better suited to tenants that owner occupiers
- No set office hours providing flexibility and no weekends or public holidays
- $183,777 body corporate salary (combined)
- Opportunity to secure more lettings from outside agents
- Inspections are by appointment only
Date updated: 17 Nov 2024 22:00:03
More Information
- Total Purchase Price: $2,850,000
- Net Income: $ 406,691
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
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?