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Resort Style Living in a Permanent Complex!!
$2,980,000
Permanent management rights, Biggera Waters QLD
This complex is centrally located in a prime location on the Northern Gold Coast, just minutes to major shopping centres, the GC University Hospital, Griffith University, restaurants and cafes with easy access to the M1.
Situated just a short stroll to the golden shores of the Gold Coast Broadwater, and offering the ideal lifestyle in a prime position. A resort style complex beautifully maintained with a manicured tropical setting with pool, spa, large gym and outdoor entertaining areas. Images might not depict this complex.
On offer no need to live onsite, no fixed office hours, long term agreements and opportunity.
Comfortable 3 bedroom, 2 bathroom managers apartment, separate laundry, spacious kitchen with breakfast nook, lounge and dining area, with an adjoining yet separate On Title reception/office. Two secure parking bays.
To arrange an inspection please call: Gavin - 08854 or email:
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
More Information
- Total Purchase Price: $2,980,000
- Net Income: $ 403,500
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.5
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?