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High Net Profit of $190,000 - ID 8471
$1,400,000
Permanent management rights, Clear Island Waters QLD
Gold Coast Permanent Management Rights For Sale
Steady $145,547 Salary for Minimal Effort
- Manager not living onsite, flexible hours.
- Easy, low-maintenance caretaking job
- Minimal grass to mow, elevators (no stairs), garden care covered by body corporate, no BBQ area.
- Focus on keeping complex clean and tidy.
- Secure body corporate salary: $145,547 + GST
- 30 permanents out of 100 units in letting pool, great rental, and commission growth potential.
- Spacious 12-bedroom units with large lounge and practical balcony
- Separate exclusive-use ground-floor office space
- Abundant storage options
- 25-year agreement with 19 years remaining, strong committee support
- High net operating profit: approx. $190,000 + Salary GST
- Manager selling due to personal reasons, asking price: $1,400,000 (includes Manager's Unit)
Unlock greater rewards with minimal effort and flexible hours. Your search ends here. Seize this opportunity now and stay ahead without regrets.
Net Profit: Around $190,000
Asking Price: $1,400,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $1,400,000
- Net Income: $ 190,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 500,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.7
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?