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Solid Income and Large Remuneration Centrally in Teneriffe
$3,158,000 ONO
Permanent management rights, Teneriffe QLD
NEXT Realty is proud to present an exclusive opportunity to acquire the management rights of a large income permanent management rights business in Gold Coast, indeed it is a good opportunity for astute investors seeking stability, growth, long-term returns as well as a good lifestyle.
MLR Business Asking for $2,058,000 on Net Income $363,525
Manager Residence is a large 2/2/1 apartment plus on-title office at $1,100,000
High quality complex, perfectly located in the prestigious heart of Teneriffe, most sought after nature environment for quality lifestyle, Tucked within the heritage-rich Woolstore precinct, you're just moments from the Brisbane Riverwalk, Gasworks dining, James St and public transport - with the CBD just minutes away.
- Great Buildings in Teneriffe Area and all good procedure in place
- Great remuneration $248,898 with annual increase of CPI
- Very solid P&L statement, verified by industry specialist accountant
- 20 years+ left on Caretaker/Letting Agreements
- Manager Residence - A large 2/2/1 Apartment, plus a large office and storage on title,
- There are long-term good subcontractors - gardening and cleaning in place
- No offices hours, be contactable during normal hours
If you want to buy a great management right business and beautiful lifestyle, it ticks all your boxes, please book your inspection immediately with NEXT team.
More Information
- Total Purchase Price: $3,158,000 ONO
- Net Income: $ 363,525
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,100,000
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?