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Business Only! Price by remuneration only. Big Potential to build letting pool in Long/Short Term
$213,000
Permanent management rights, Mermaid Beach QLD
Just 200 metres from the stunning Mermaid Beach and footsteps to the new Light Rail stop! Only minutes to Pacific Fair Shopping Centre, Broadbeach dining precinct, and local cafes, this is truly a prime Gold Coast location.
This boutique complex offers a unique opportunity to own management rights based purely on remuneration. No need to purchase a managers unit to enjoy strong returns and flexible lifestyle. With 22 years remaining on the agreement and an ROI exceeding 22%, this business offers an almost risk-free income stream from secured remuneration.
The complex allows flexibility to operate both permanent letting or short-term lettings, giving you huge potential to increase revenue and future capital growth. Current manager runs a few lettings, it's also negotiable if the buyer is keen to purchase these lettings. Perfect for first-time buyers looking for an easy-to-manage business, or for experienced operators wanting to add a solid performer to their portfolio.
A rare coastal opportunity, simple, secure, and full of potential. Call exclusive agent today to obtain the full information and book your inspection before it's gone.
More Information
- Total Purchase Price: $213,000
- Net Income: $ 47,398
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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