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24 YEAR TERM - GREAT RETURN ON INVESTMENT
$2,100,000
Permanent Management Rights, ARUNDEL QLD
Highly desirable, well presented Gold Coast Management Rights. These residential townhouses are ideally situated, offering a lifestyle to match.
Walking distance to the esteemed AB Paterson College and Lakeside's 9-hole golf course. Harbour Town Shopping Centre and Westfield Shopping Town are just down the road.
Resident's resort style facilities include pool, BBQ recreation area and secure entry gates.
You are just 7km from major theme parks and world class beaches. Surrounded by an abundance of park reserves, walkways, bike tracks, play parks, and easy commuting to Brisbane via the M1 motorway.
Manager's real estate is a roomy 2-bedroom townhouse with the option of converting back to original 3-bedroom configuration if desired. Two bathrooms, double garage, private rear courtyard, and office attached with separate entry all make for a very liveable family environment.
An attractive business to real estate ratio puts you in the driver's seat financially, with real estate, including on-site office, an affordable $800,000. A substantial net profit of $250,000 p.a. incorporates a generous Body Corporate Salary of $166,000 (ex-GST).
Management Agreements have over 24 years to run with no set office hours and a supportive Body Corporate Committee.
These rental properties are always in high demand enabling a continued high standard of tenants in the letting pool.
Top location with very solid income. Be quick!
Call me to arrange an exclusive inspection.
More Information
- Total Purchase Price: $2,100,000
- Net Income: $ 250,056
(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?