Permanent Letting in Clear Island Waters - ID 9191

$1,030,000

Permanent management rights, Clear Island Waters QLD

Permanent Management Rights For Sale
3 Bedroom Residence with Private, Secure Yard

- Supportive committee
- Predominately, low demand occupiers
- High security, quality CCTV also records vehicle registration numbers
- Office on title
- Easy walk to major shopping centre
- Close to Surfers Paradise Golf Club
- Broadbeach only 5 minutes by car
- Ample storage
- Upside for a handyman

Excellent business for first timers to the industry as most of the owners are seniors and easy to get along with. Very good area, close to public transport, schools and shops. The workload would enable an enthusiastic couple to have additional part time work.

Net Profit: $85,506
Asking Price: $1,030,000
(Inclusive of Manager's Real Estate)

More Information

Financial Overview

Total Purchase Price: $1,030,000
Net Income: $ 85,506 (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: 3.3
_{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.}

Letting Business

Letting Pool: 7
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 30
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 4
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 41
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 70,032
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 9 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 32 years
_{How long has the management rights existed.}

Office Hours: No set office hours
_{Required Office Hours}

Complex Features: Swimming pool, BBQ, Secure parking CCTV

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 750,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: This well-presented 3-bedroom townhouse offers a comfortable and convenient living space, ideal for small families or professionals. Upstairs, youll find the master bedroom with an ensuite, along with two additional bedrooms and a main bathroom, providing ample space for everyone. A separate toilet downstairs adds extra convenience for guests and everyday use. The kitchen is equipped with modern appliances, including a relatively new dishwasher, a brand new oven, and a touch control cooktop. Ceiling fans throughout the property ensure comfort all year round, with the added benefit of air conditioning downstairs for those warmer days. The townhouse also features a single lock-up garage and an additional car park. One of the standout features is the large, secure, and enclosed rear yard, perfect for outdoor activities, gardening, or simply enjoying the outdoors in privacy. This property offers a fantastic blend of comfort, practicality, and low-maintenance living, making it an excellent choice for those seeking a move-in ready home.