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Salary comprises 76% of the Net Income!!
$2,190,000
Permanent management rights, Carrara QLD
Two adjoining complexes set on acreage with untapped potential for the astute manager!!
These complexes are situated in the heart of Carrara are in close proximity to excellent Public and Private Schools, Restaurants, Nerang and Robina shopping precincts, main access routes to both Coolangatta and Brisbane, whilst also being close to Nerang rail station and a bus stop at the entrance.
On offer a good salary, no office hours, no need to live onsite, long term agreements, and income from manager units rental, low levies and untapped potential.
One manager unit consists of 5 bedrooms, 2 bathrooms and 2 undercover parking bays and is currently rented out. The other manager unit consists of fully ducted 3 bedroom, 1 bathroom, separate laundry, spacious kitchen with breakfast nook, lounge area leading out to a private patio and an adjoining yet separate On Title reception/office with a lock-up garage.
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: $2,190,000
- Net Income: $ 200,200
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,300,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.4
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?