GOLD COAST MANAGEMENT RIGHTS - A SOLID BUSINESS FOR SALE
$995,000
Permanent Management Rights, UPPER COOMERA QLD
A peaceful townhouse complex with an easily managed letting pool, within popular Upper Coomera.
Bulk of income derived from Body Corporate Salary of approx. $87,000 plus GST. 22 years remain on Management Agreements with office on title and no office hours. Simple duties and a swimming pool to maintain. All providing the incoming manager with a great foundation to build up this business.
A very desirable onsite manager's residence being a townhouse with 3 bedrooms, 2 bathrooms and 4 car spaces.
An attractive business proposition that will not last long in this market. Ring me now or miss out!
More Information
- Total Purchase Price: $995,000
- Net Income: $ 98,127
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 595,000
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?