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Unbeatable Location, 86% Remuneration over net income, low risk, Big Potential
$1,860,000
Permanent management rights, Surfers Paradise QLD
Positioned in the absolute heart of Surfers Paradise, one of Australias most iconic and high traffic tourism destinations, this opportunity places you right in the centre of everything. Surrounded by world class entertainment, shopping, dining, and just steps from the golden sands of Surfers Paradise Beach, this location offers unbeatable rental demand.
With the precinct earmarked for future redevelopment by major developers, this is more than just a business, it might be a strategic investment on the top of your management rights business.
Solid and consistent net income of $234,837 per annum, with over 86% derived from remuneration that increasing annually with CPI. The structure offers a low-risk and stable return. There are extra $7,600 income per year that is not include in the profit and loss statement. Secure, long-term 21 years remaining agreement under the accommodation module. Just one scheme, with harmonious and supportive investor led committee, only one owner occupier lives onsite, that makes for a smooth and professional working relationship. This building is easy to manage, it's ideal for first time buyers or experienced operators who is seeking stable income or potential future capital gain.
Manager unit only priced at just $680,000, this 3-bedroom, 1-bathroom, 2 undercover car parks, generous storage, and office, offers exceptional value in the heart of Surfers Paradise. Compared to nearby 3-bedroom units, it's a true bargain, with a price point more typical of 1-bedroom apartments in surrounding locations.
This business is the first time offered in 10 years to market. With strong ongoing income, future development potential, and a standout location that ensures continued tenant demand, this is a perfect choice for buyers seeking an easy to run, high performing management rights business with room for capital growth. Contact Celine to receive more information or book your private inspection. Dont miss this rare chance to secure your future in the heart of Surfers Paradise.
More Information
- Total Purchase Price: $1,860,000
- Net Income: $ 234,837
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 680,000
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?