Profitable permanent management rights in the Sunshine Coast offers coastal living, and potential for growth in a highly desirable community.

$2,815,000

Permanent management rights, Mountain Creek QLD

Aspect North is a highly desirable permanent management rights located just 6 minutes from the beach on the beautiful Sunshine Coast.

The business has formerly been operated under a management couple,
with ownership for nearly 9 years and offers a healthy blend of business and pleasure. With no set office hours, you can be your own boss whilst you can enjoy the benefits of this highly sort after area.

This management rights is made up of two modern townhouse adjoining schemes, with 123 townhouses across the complexes with Pool and BBQ facilities, and established gardens that are all easy to maintain.

The modern residence is a spacious 4 bedroom, 2 bathroom, double garage single story house with a generous outdoor entertaining area. The free-standing house offers privacy to the separate onsite office which is for the exclusive use of the onsite manager.

A business like this is ideal for a management couple, those looking for a sea change to downsize, or those looking for an entry into the management rights arena or a foot into semi-retirement.

This opportunity is set up for success, with the caretaking agreements at their full 25 year terms and excellent systems in place, and a strong body corporate working relationships.

More Information

Financial Overview

Total Purchase Price: $2,815,000
Net Income: $ 333,312 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 900,000
_{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.}

Letting Business

Letting Pool: 53
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 56
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 11
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 123
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 178,352
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 25 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 12 years
_{How long has the management rights existed.}

Office Hours: No Set Hours
_{Required Office Hours}

Complex Features: * BBQ Facilities* Gazebo* Pool* Toilet* CCTV

Real Estate Component

Manager's Unit: 4 2

Included Real Estate: $ 900,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: The managerâs residence located in Aspect North II is a spacious single level offering ample space and modern amenities for a seamless live-work lifestyle. The ownerâs residence is a stand-alone 195 sqm modern 4-bedroom, two bathroom home with all the trimmings. The home features a double lockup garage with storage, full ducted air-conditioning, office space and a large outdoor deck and entertaining area. The home is fitted with modern features and that make it a comfortable liveable space.