Proudly supported by all of the industry's leading brokers
OUTSTANDING PERMANENT MR COMPLEX IN GREAT LOCATION
$3,000,000
Permanent management rights, Biggera Waters QLD
Don't miss the opportunity to secure this fantastic permanent MR complex located only metres to the Gold Coast's popular Broadwater.
- 156 lots consisting of 3 bedroom townhouses and 2 and 3 bedroom units
- 3 bedroom, 2 bathroom managers residence, ducted air conditioning, 2 car parks
- Large office on title with additional rear office space, air conditioned, kitchenette and toilet.
- No set office hours in agreements
- No requirement to live onsite
- 25 year Accommodation module agreements with 20 years to run, Body Corporate remuneration $228,512
- Complex facilities include 2 swimming pools, steam room, spa, media room, gym, security gated.
There is huge potential to increase the net profit with internal real estate sales, 21 outside agents and a maintenance minded purchaser.
Net Profit $405,027
Call now for further information or to arrange an inspection.
More Information
- Total Purchase Price: $3,000,000
- Net Income: $ 405,027
(actual)
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: 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?