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Great Introduction to Management Rights
Offers Over $990,000
Permanent management rights, Alexandra Headland QLD
Complex with Secure Building Access comprising 1 bedroom or studio apartments, ideal for 1st timers into Management Rights, Low cost of Unit and $160,000 plus yearly income.
Located in popular Alexandra Headland the complex is suitable for a single person or a couple to run. Existing couple is running the complex while one of them is a full time shift worker in Brisbane!. Ideal if the family are off your hands. Office hours are Monday to Friday leaving the weekend to immerse yourself into the wonderful central Sunshine Coast. Great for those looking to secure a start for themselves into the industry or those looking for continuing to work before retirement.
After 9 years the Onsite Management couple have decided it's time to move on and explore Australia. They will consider all offers, including the Trade of your existing Queensland House !!!!! - All options will be considered. Discuss your thoughts with the Agent - you might have what they are looking for to enjoy their next stage of life!
Unit $395,000
Body Corporate Levy - $6,738.56 ($8,423.20 before pay on time discount of 20%)
56 sqm one bedroom Unit is separate from the Office and is situated on the 2nd floor at the front of the building.
It has been fitted with excellent block out internal blinds enabling quality day time sleep.
Large air conditioned open plan lounge / dining area
Business $595,000
- Caretaking and Letting Agreements with 20 years to run until 11 March 2044
- Net Profit is approx. $167,000 based on current rental pool
- Body Corporate Salary of $100,306.20 plus GST
- CPI yearly increase each March.
- 64 Units, 31 in Rental Pool, 8 Owner Occupiers and 25 managed by External Rental Agents or owner managed
- Office Hours 9am to 3.30pm Monday to Friday
- Large Occupation Authority Office area included in management agreement
- Additional Occupational Authority over smaller storage areas
- Managed income producing Onsite Laundry
- Private double lock up garage opening into the back of the office
- Second double lock up garage for gardening equipment
- Contract can include many of the furniture items currently being used in the Office and living areas
A personal inspection is the best way to truly appreciate this opportunity, please contact the listing Agent for further information and to book your inspection.
More Information
- Total Purchase Price: Offers Over $990,000
- Net Income: $ 167,000
(projected)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 395,000
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?