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Tranquil Permanent!!
$915,000
Permanent management rights, Southport QLD
This complex is situated in an area desirable by many. Within walking distance to shops, restaurants, medical facilities, light rail, public transport and the Broadwater.
Easy access via the road network to the beaches, private schooling, hospitals, The Convention Centre, Pacific and Australia Fair, Surfers Paradise and the main arterial to Brisbane and Coolangatta.
On offer is flexible working hours, annual salary increase equating to the lesser of 3% or the percentage increase in CPI, and well documented procedures and processes allowing for easy hand-over. Images do not depict this complex.
A generous size ground floor managers unit (106 sq. m) 2-bedroom, 2-bathroom, with both internal and external access, and a standalone secure garage (exclusive use).
To arrange an inspection call: Gavin - 08854 or email:
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
More Information
- Total Purchase Price: $915,000
- Net Income: $ 67,900
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 780,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.0
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?