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Bayside Management Rights Beckons with Net over $150K + upside opportunity! | Resort Brokers ID : MR008087
$1,109,000
Permanent Management Rights, Cleveland QLD
This neatly established management rights business offers a solid and secure business investment with great income, flexible working hours and a great home in the bayside area of Cleveland. Coupled with manageable caretaking duties, an on-site letting pool and the option to buy an external rent roll for added income, this is one to be considered by both newcomers and experienced operators.
There is a huge upside to generate an extra income with an optional external rent roll of 10 at a 2.5x multiplier.
Nestled within the coveted catchment area of prestigious private schools in Queensland, this property boasts a prime bayside location, providing unparalleled proximity to a plethora of amenities.
Dont miss out on your chance to secure this prime management rights opportunity, contact Jeff today.
- Exceptional return on investment
- Long-term security with recently topped-up standard module agreements for 10 years
- Net profit over $150,000 underpinned by solid Body Corporate salary of $119,558
- Flexible work-life balance with no set office hours
- Attractive and well-maintained townhouse complex with 75 units and 16 in the pool
- Very manageable caretaking duties with pool and gardens
- Spacious 3-bedroom, 2-bathroom manager's residence with attached office on title
- Additional income option via an external rent roll of 10 units available for purchase at 2.5x multiplier
- Located in the catchment area of some of Qld's most elite private schools
- Prime bayside location, close to a variety of amenities including cafes, restaurants and transport
- Inspections are by appointment only
Date updated: 24 Nov 2024 22:00:02
More Information
- Total Purchase Price: $1,109,000
- Net Income: $ 150,047
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 600,000
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
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?