Exclusive Opportunity: High Net Business Only Management Rights in Teneriffe! | Resort Brokers ID : MRB008139
$1,756,722
Permanent Management Rights, Teneriffe QLD
Unlock a golden opportunity with our exclusive business-only management rights in vibrant Teneriffe.
Boasting a verified net profit of $252,000, this modern mid-rise building is a lucrative venture in the highly sought-after and trendy suburb. With manageable duties (only a terrace and barbecue on the rooftop) and no on-site living requirements, enjoy a manager-friendly business that suits an existing operator looking to seriously level up! With a spacious office yet no stipulated office hours as well as flexibility in how the business is operated day to day, this business has long-term agreements ensuring stability and growth potential.
Businesses of this calibre dont last long so contact us today to discuss this fantastic management rights business right in the heart of Teneriffe.
- Proven net profit of $252,787 independently verified by a trusted industry accountant
- Effortless management with only a rooftop barbecue area to maintain, no pool or gym
-Freedom and flexibility with no requirement to live on-site or purchase a unit, just an office that provides voting rights
- Spacious 32sqm ground level office with reception and storage and no mandated office hours
- Long-term security with 20 years remaining on the Caretaking and Letting agreements
- Modern complex built in 2014, comprising 111 apartments with 41 in the letting pool
- Promising growth potential with continued demand and rising rents
- Prime location in a highly desirable high-rise building in the heart of Teneriffe
- Inspections are by appointment only
Date updated:21 Apr 2024 23:00:08
More Information
- Total Purchase Price: $1,756,722
- Net Income: $ 252,787
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 240,000
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?