Exclusive Residential Complex Opposite Beach
$2,250,000
Permanent management rights, Main Beach QLD
Permanent Management Rights, Main Beach, QLD
- Rare exclusive residential-only complex located in a highly sought-after location opposite the beachfront
- Located close to Tedder Avenue shopping precinct and easy walking distance to Yacht Club
- The building has 5-star resort facilities and is being well maintained by the Body Corporate
- Current management earns substantial income from rentals
- The attached apartment is a massive 257m2 featuring a 2 bed & study with dual car accommodation as well as storage. The apartment has been fully renovated with brand-new ducted air-conditioning and high-quality fixtures and fittings with nothing to spend.
- The high rise consists of oversized 2 bedroom 2 bathroom apartments 2 per floor
More Information
- Total Purchase Price: $2,250,000
- Net Income: $ 177,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,550,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.0
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?