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OUTSTANDING LARGE PERMANENT MANAGEMENT RIGHTS - DREAM LOCATION - RARE OFFERING
$4,575,000
Permanent management rights, Tweed Heads NSW
We are excited to present to the market this large permanent management rights complex in Tweed Heads. This region of the NSW Far North Coast and Southern Gold Coast is currently booming and we are offering a rare opportunity to secure a complex of this size in this fantastic location.
This is the first time the complex has been offered to the market in 16 years, with the current owners having established excellent systems and strong management relationships within the community. The business has a high net profit $669k, excellent OC salary $395k and has an allowance for a full-time gardener making the work load very manageable for a two-person team.
The business comes with a very nice 3-bedroom, 2-bathroom villa, which has been recently renovated to a high standard. The current owners live off site and this is a great option for the incoming owners to consider.
Complexes of this scale, in this highly sought after part of the world arent regularly offered to the market.
- Outstanding business
- Large complex 354 residences, 141 in the letting pool
- Full-time gardener costed into the P&L
- Choose to live off site
- One of the best locations in Northern NSW & Southern Gold Coast
- Attracts quality tenants
- Net profit $669,821
Location
Locations dont get any better than this, situated in Tweed Heads right on the NSW & Queensland border just an 800m walk to the iconic Kirra Beach and its fabulous cafs and restaurants. Only 2.5km to the Gold Coast Airport and with easy access to the Pacific Motorway, Kirra Shores is perfectly situated to take advantage of the best that Tweed Heads and Coolangatta has to offer. This is a sought-after location attracting quality tenants.
Walk to world famous surfing beaches, watch a show at Club Twin Towns or enjoy the caf and restaurant culture in the region, the choice is yours. This location offers a unique mix of city and coastal lifestyle.
For further information or to arrange an inspection, call me today.
Inspections by appointment only.
More Information
- Total Purchase Price: $4,575,000
- Net Income: $ 669,821
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 890,000
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?