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Big Income with Premier Location
$3,828,000
Permanent management rights, Southport QLD
Located in a prime seaside location, just a 16-minute drive from the heart of Gold Coast. A two-minute walk brings you to the nearest bus stop. Close to Broadwater Parklands, Gold Coast Aquatic Centre, and Chinatown, surrounded by numerous restaurants and large shopping centres, providing excellent living amenities. The managers unit is a spacious two-bedroom, two-bathroom apartment with a garage, and there are no set office hours. Minimal landscaping is required, with most responsibilities involving rental management.
Big economic scale to run a big income over 500k. 23 years long agreements toward 2047, with guaranteed annual remuneration increases. The business is able to run by a couple with lifestyle in centre of Gold Coast. Don't miss out this great opportunity, contact the agent for further information.
More Information
- Total Purchase Price: $3,828,000
- Net Income: $ 501,060
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 772,000
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?