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GOLD COAST MANAGEMENT RIGHTS ALERT: Secure This Permanent Complex for $2,975,000. Inclusive of a $399,000 Net and a 3 Bed 2 Bath Unit!
$2,975,000
Permanent management rights, BIGGERA WATERS QLD
MANAGEMENT RIGHTS WITH BALANCED WORK/LIFESTYLE AND EXCELLENT EARNINGS!
This well-maintained, secure complex is conveniently located near Harbour Town and Runaway Bay Shopping centers, with public transport at your doorstep.
Office Details
Office On Title: Reception
No designated Office Hours
REI Master software
Parking and Units
Exclusive-use Parking Spaces: 20 spaces
Total Units: 158 units
Units in the Letting Pool: 56 units
Outside Agents: 15 agents
Unit Breakdown
A: 27 apartments
B: 29 townhouses
C: 102 apartments
Financial Information
Consumer Price Index (CPI) for September
Lease Term: 25 years, 21 years remaining
Unit Price: $700K
Business Price: $2.295 Million
Remuneration: $218,355
Management Structure
Three Body Corps and One Umbrella
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More Information
- Total Purchase Price: $2,975,000
- Net Income: $ 399,559
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 700,000
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?