IDEAL FOR STARTERS OR RETIREES - 100% SUPERVISORY - NOT TO BE MISSED - A MUST TO INSPECT!
$1,500,000
Permanent management rights, Surfers Paradise QLD
Management Rights Gold Coast for Sale( (100% SUPERVISORY)
Permanent Management Rights in PARADISE WATERS Gold Coast, set in beautifully manicured gardens, , featuring ponds, fountains, tennis courts, pools (indoor and outdoor) well-equipped gymnasium, Sauna, Spa and Steam Room.
Large 2 Bed 2 Bath Lounge/Diner/Kitchen and Separate Laundry
GENEROUS BODY CORPORATE REMUNERATION = HEALTHY GUARANTEED INCOME
Opportunities abound to enhance turnover and income.
The complex has Security contractors, who come onto duty at 5.30 pm Monday to Friday and are present all Weekend, handling all after-hours issues.
Call The Listing agent BARRY TEREN (5530) now for more information and to arrange an inspection.
More Information
- Total Purchase Price: $1,500,000
- Net Income: $ 178,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,000,000
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?