PERMANENT MANAGEMENT RIGHTS PACKAGE WITHOUT LIVING ON-SITE
$1,600,000
Permanent Management Rights, VARSITY LAKES QLD
A profitable package of four permanent Management Rights businesses located within the sort-after suburb of Varsity Lakes. Townhouse complexes are within 7 minutes walking distance of each other. Great position and very convenient, walk to Market Square, Bond University and Varsity Lakes College - well known public primary and high school.
Manager's real estate includes a 3-bedroom, 2.5 bathroom, 2 carpark, double story townhouse with a separate office on title.
Choose either to live on or live Off-site. Current total Body Corporate salary is $139,311 plus GST with long term agreements between 20-21 years. Total net income is $181,852 of which 76% is stable Body Corporate salary.
Good sized investment package, with flexible working arrangements as no set office hours. Well established operating procedures are in place to allow for a smooth handover to incoming manager.
If you are interested in this superb Gold Coast Management Rights business with income over $180,000 for you or your family, this may be the one you are looking for!
Contact me quickly for further details.
More Information
- Total Purchase Price: $1,600,000
- Net Income: $ 181,852
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 700,000
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?