PALM BEACH DUO - PURELY SUPERVISORY MR OPPORTUNITY | Resort Brokers ID : MRB008113
$875,000
Permanent Management Rights, PALM BEACH QLD
ResortBrokers offers to market a truly exclusive and one-of-a-kind opportunity to secure the management rights of two luxury Palm Beach properties.
This duo is a fantastic business investment, and both are purely supervisory roles, with no duties required.
This duo encompasses 94 lots spread across two stunning permanent residential properties, all strategically located in the sought-after Palm Beach area. You can increase income by converting the 5 outside agent lets back into the letting pool.
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Two excellent permanent letting businesses
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No real estate to purchase
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Prime Palm Beach locations in high demand
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Solid-body corporate salary
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Further upside with CPI increases to the income
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Total of 94 lots and two exclusive-use offices
- Property inspections are by appointment only
Date updated: 03 Sep 2024 23:00:02
More Information
- Total Purchase Price: $875,000
- Net Income: $ 192,267
(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