Large Remuneration and 25 Years Agreement Stunning Permanent in Southport
$1,990,000
Permanent management rights, Southport QLD
Prime Location
Perfectly located in a quiet part of Southport, a highly sought after position. Everything is quite literally at your doorstep.
Minutes ride to a variety of shopping villages such as Gold Coast Botanical Garden, Ferry Road Markets Brickworks Centre, Southport Park Shopping Centre, Ferry Road Shopping Centre, Bronberg Plaza, Benowa Gardens Shopping Centre, Australia Fair Shopping Centre and China Town Popular golf courses, Metricon Stadium, Gold Coast Turf Club are all less than a 5 minute drive.
Also nearby is Pindara and Allamanda Private Hospitals, Playgrounds, Bowls Club, Restaurants
Minutes away from the TSS precinct, the city's most prestigious schools and it is less than 10 minutes drive to the iconic Surfers Paradise beachfront and other world-renowned beaches.
Upmarket Community
Ideally located and well-presented complex is more than just a stunning home, also a beautifully and friendly community, you won't find anything like this in Southport! It's resort-style facilities make you feel like you're on a permanent holiday! It is populated by delightful residents and includes well maintained shared amenities.
Good rental and very popular for renters.
Very Supportive BC - Good Relationship with BC in place
Large BC Remuneration - $150k plus and with annual adjustment of CPI every March
Long Agreement - Full 25 years on agreement
No Set up Office Hours - Just contactable during working hours
Modern and Well-Designed Manager Residence
Entry, 3 bedrooms, 2 bathrooms, living room, kitchen, office/reception, double garage, patios and car port.
Latest Valuation Report conducted by Industry Valuer, is available for qualified buyers
This would be a perfect opportunity to secure a solid income and great lifestyle business, it ticks all your boxes.
Please book your inspection immediately with our NEXT team!
More Information
- Total Purchase Price: $1,990,000
- Net Income: $ 195,052
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 930,000
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?