Annual Net Income $420,000, 25-Year Contract Management Right for Sale

$2.88 million - $3.08 million

Permanent management rights, Buderim QLD

- 25-Year Term: The community successfully topped up the agreement to 25 years this year.

- Income Details:
Body Corporate salary income: $183,700, increasing annually in line with CPI.
Letting pool management income: $235,700.
Annual net profit: $420,000.

- Flexible Requirements:
No live-on-site requirement.
No office hours.
No gated entry or CCTV installed in the community.

- Prime Location:
Conveniently located near shopping areas, schools, and public transport.
Zero vacancy rate within the community.

- Managers Residence Flexibility:
The by-laws and caretaking agreement do not specify a fixed managers residence. Any townhouse within the community can be purchased as the manager's residence.
Current market price for 3/4-bedroom townhouses: $650,000 - $850,000.

- Current Managers Residence:
Features 4 bedrooms, 2 bathrooms, a double garage, and an office.
Currently rented out, generating an additional rental income of approximately $39,000 annually (not included in the profit calculation).

- Business Details:
Business multiplier: 5.3.
Business price: $2.23 million.
Managers residence price: $650,000 - $850,000.
Total price: $2.88 million - $3.08 million.

DISCLAIMER
The agent gives notice that:
1. The figures and information disclosed in this Information Memorandum are provided by the vendor. All intending purchasers are to make their own enquiries and assessments as to the accuracy or otherwise of the information supplied by the vendor.
2. It must be noticed that agent has no access to full sets of accounts or legal documentation for verification purposes. No liability for the information will be accepted by the agent and parties should make their own investigations as to the accuracy of these figures and information.