PALM BEACH BLUE-CHIP PERMANENT RESIDENTIAL PROPERTY | Resort Brokers ID : MRB008193
$550,000
Permanent Management Rights, PALM BEACH QLD
ResortBrokers offers to market a blue-chip property - The Village, strategically positioned overlooking prestigious Palm Beach, on the iconic Gold Coast.
With an office on-site under Occupational Authority, no set office hours, and no requirement to own real estate or reside on-site, long-term 23-year agreements, low maintenance common areas, gardens, and facilities, this modern caretaking, business-only management rights opportunity will be highly sought after.
With the option of being gifted the current letting for 4 x permanent lots, as well as the upside potential to target the 14 x outside agents and grow the letting business, this beachside lifestyle business presents excellent value for an existing operator looking to expand.
- Caretaking, business only
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No set office hours
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No requirement to reside
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No real estate to purchase
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High demand Palm Beach location
- Solid $108+ Body Corporate salary
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Further upside with CPI increases to the income
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Option to grow and target letting
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Total of74 permanent lots
- Inspections are by appointment only
Date updated: 16 Sep 2024 23:00:02
More Information
- Total Purchase Price: $550,000
- Net Income: $ 108,666
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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