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Perfectly Postioned Business Only Opportunity in the Heart of Broadbeach | Resort Brokers ID : MR007974
$674,780
Permanent Management Rights, Broadbeach QLD
This opportunity is perfect for both beginners and seasoned operators. The business is easily managed by one person, making it an ideal choice for those looking to downsize, those venturing into the management rights sector for the first time or even an autonomous add-on business to an existing portfolio. The absence of set office hours provides flexibility, allowing the operator to balance business and personal commitments effectively.
One of the key highlights of this opportunity is the potential to establish a letting business. With 61 units in the complex and a supportive, progressive body corporate, there is significant scope to grow profit by expanding the letting pool. The building's desirable location, just footsteps from Kurrawa SLSC, trendy cafes, bars, and restaurant precincts, and mere footsteps to the beach, makes it a popular choice for holiday visitors. Its proximity to the tram line further enhances its accessibility and appeal.
- Desirable, four-year-old building in prime beachfront location
- Potential for significant profit growth through establishing a letting business
- Business operations manageable by a single individual - ideal for beginners or those looking to downscale
- Efficient addition to existing portfolios
- No requirement to purchase property or reside onsite
- Flexible operation with no set office hours
- Progressive and supportive body corporate with an excellent reputation
- Prime location attracting holiday visitors - short walk to beach, shopping, cafes, restaurants, and tram line
- Inspections are appointment only
Date updated: 24 Nov 2024 22:00:02
More Information
- Total Purchase Price: $674,780
- Net Income: $ 112,463
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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