OFF THE PLAN - PURE CLASS - MAIN BEACH - ID 9068

$2,184,522

Off The Plan management rights, Main Beach QLD

Management Rights For Sale
Prime Location Between the Nerang River & The Ocean

- $185,600 Body Corporate salary
- Brand new 25 year agreements
- 5 star facilities including gym, sauna, BBQ kitchen, infinity edge lap pool and automated valet parking
- Ground floor managers office plus storage
- 2 BR managers residence on the 5th level
- 90% of apartment sales to owner occupiers
- Easy access to yacht club and restaurants
- Across the road from the beach
- Walk to light rail station
- Will suit experienced operators

This is a magnificent 5 star highrise in one of the most exclusive suburbs on the Gold Coast. This building will consist predominately of owner occupiers and will suit an experienced operator.

Net Profit: $185,600 (salary only, rental income will be additional)
Asking Price: $2,184,522
(Inclusive of managers real estate)

More Information

Financial Overview

Total Purchase Price: $2,184,522
Net Income: $ 185,600 (projected)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,299,500
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.8
_{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.}

Letting Business

Letting Pool: TBC
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 118
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 185,600
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 25 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: 5 star facilities including gym, sauna, BBQ kitchen, infinity edge lap pool and automated valet parking

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,299,500
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: Located on level 5 of the complex, High quality fitting and fixtures, 2 bedrooms plus a study, Specification sheet available