25 YEAR TERM - COMFORTABLE SALARY
$1,260,000
Permanent Management Rights, PACIFIC PINES QLD
This secure, gated townhouse complex offers a Body Corporate Salary of $96,000 which makes up almost two-thirds of Net Profit. In addition, there is opportunity to increase your letting pool and add to your already healthy income.
Caretaking duties are not onerous with only a pool and low maintenance gardens your primary duties. Current managers have already topped up three times and have a great working relationship with the Body Corporate. 25 Years remaining on management agreements gives the Buyer further confidence and comfort.
All about location, this Gold Coast Management Rights is in the hub of it all. Less than a 15-minute drive to light and heavy rail, the M1, Westfield Helensvale, Harbour Town Shops, Griffith University and the Gold Coast Hospital. An abundance of local schools, both private and public, within a short 2km drive.
Easily rented townhouses and zero vacancies with this business.
Manager's stand-alone villa features four bedroom, two bathrooms, double garage and 3 car driveway. All bedrooms and living room are air conditioned. Office is on title.
What a great package! Contact me now for more info.
More Information
- Total Purchase Price: $1,260,000
- Net Income: $ 138,871
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 615,000
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?