One of a Kind - This offering is truly a high-class affair for your consideration! High Earner $447,240 - Supervisory (80%)

$4,255,000

Permanent management rights, Surfers Paradise QLD

Some highlights:
Location: Near public transport, renowned patrolled beaches, the Tedder Ave precinct, and Macintosh Park.
Amenities:
2000-square-meter lagoon pool, indoor and outdoor heated pools, indoor and outdoor spas, iced plunge bath, sauna, steam room, and a large gym.
2 floodlit championship tennis courts, a golf hit-up bay, 4 BBQ areas (1 large undercover area), a residents workshop, car wash and detailing bays. 32 Berth Marina.
Residents areas include a well-equipped bar/lounge, a large lounge, a games room with a full-sized snooker table, a dartboard, a card table, and a library.

More Information

Financial Overview

Total Purchase Price: $4,255,000
Net Income: $ 447,270 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,750,000
_{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.}

Letting Business

Letting Pool: 15
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 170
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 8
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 194
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 472,163
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 10 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 33 years
_{How long has the management rights existed.}

Office Hours: yes
_{Required Office Hours}

Complex Features: Amenities: 2000-square-meter lagoon pool, indoor and outdoor heated pools, indoor and outdoor spas, iced plunge bath, sauna, steam room, and a large gym 2 floodlit championship tennis courts, a golf hit-up bay, 4 BBQ areas, 1 large undercover area, a residentsâ workshop, car wash and detailing bays. 32 Berth Marina. Residentsâ areas include a well-equipped bar/lounge, a large lounge, a games room with a full-sized snooker table, a dartboard, a card table, and a library.

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,750,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 0
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Large 183 sqr Metres ground floor unit with private fenced garden. 5 Separate offices on title: front, back and comms offices, plus 2 first floor private offices2 large parking bays