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$1,950,000
Caretaking management rights, Paynesville VIC
CRE Brokers are proud to be appointed exclusive agents for Captains Cove Waterfront Apartments Management Rights opportunity in Paynesville VIC.
With a quiet location on the Paynesville canals, centrally positioned on the Gippsland Lakes (800m to Esplanade), the complex is made up of 15 three bedroom townhouse style apartments. The absolute waterfront apartments offer a special retreat, thoughtfully and stylishly designed throughout. On the ground floor is the living, kitchen, and deck areas overlooking the water, while upstairs, the master bedroom boasts a king bed and private balcony with stunning water views.
Resort facilities include indoor heated pool, tennis court, basketball ring, private jetties and boating and fishing facilities.
The 4 bedroom, 2 bathroom manager's residence is a spacious and modern townhouse with open plan living, newly renovated kitchen and private jetty.
Secure yourself a lifestyle with an attractive net profit and a brand new 25 years caretaking agreement. A well set up system for you to take over and reap the rewards.
Manager's Freehold Townhouse Price $800,000
Business Price $1,150,000
Total Asking Price $1,950,000
More Information
- Total Purchase Price: $1,950,000
- Net Income: $ 352,082
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 800,000
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?