LIVE OFF SITE - GOLD COAST JEWEL
$1,960,000
Permanent Management Rights, MOLENDINAR QLD
We are proud to bring exclusively to market this centrally located, quiet and secure gated residential Management Rights business.
Quality, spacious and airy 2-bedroom townhouses are nestled within this exclusive and sought after estate. Always attracting plenty of well qualified tenants to your letting pool.
A solid Body Corporate Salary of $142,000, coupled with a net profit of over $222,000 p.a. is packaged with a current Management Agreement term of over 21 years. Well documented and robust management systems are in place which are complimented by the supportive Body Corporate Committee.
Manager's 3-bedroom townhouse, with office attached, is currently rented out at $700 p.w. (36,000 p.a.) which is in addition to the net profit disclosed.
The complex is the best in the area and very well maintained with gorgeous, landscaped gardens, security cameras, electronic gate, BBQ area, and shaded resort style pool.
Only minutes to Trinity Lutheran College, Griffith University, Gold Coast hospital and medical precinct, light rail, great schools, Aldi, Woolworths, and Coles.
There is a great choice of golf courses, fitness & sporting facilities within the area. Major shopping hubs (Robina, Harbour Town) and the train station are all a short 15-minute drive. Easy access to the M1 Motorway and approximately 40 minutes to the airport.
This jewel of a business will not last long on the market. Contact me today before it goes!
More Information
- Total Purchase Price: $1,960,000
- Net Income: $ 222,797
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 695,000
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?