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If they say Cleveland is the crown of Redlands Coast, then it could be said Cleveland Central Residential Complex is the diamond in the centre!
$1,054,000
Permanent management rights, Cleveland QLD
$1,054,000
Permanent Management Rights Cleveland, QLD
Visit Our Website for Additional Information- https://amanda0714.wixsite.com/cleveland-central
This great investment opportunity offers you a blue-chip Management Rights business to allow you to transition from paid employment to self-employment where you call the shots, work when you want from your home. How good is that! Management Rights are frequently referred to as the ultimate home-based business.
This is a remarkable opportunity to purchase Management Rights of a unit complex that is well regarded, well-maintained and ready for a new pair of hands to take over the reins. The low-maintenance gardens and grounds will allow a couple/single operator to easily keep the complex looking mint. (Up to 20 hours per week seasonal). The shared swimming pool and entertainment area is a great meeting place for residents and their visitors.
Cleveland Central is a secure gated complex located close to major arterial roads, trains and bus transport. Plus it's walking distance to your retail therapy, fabulous Raby Bay dining precinct and don't forget the beaches! This 42-unit gem has a mixture of 3 bedroom low-set villas plus 3- and 2-bedroom townhouses.
Fully topped up Caretaking Agreement of 25 years
The lifestyle flexibility is ideal for young families seeking a high quality of life, or couples looking to downsize, whilst maintaining a steady income stream.
Your Villa features include:
* Three bedrooms with built in robes + office
* Air conditioning in lounge, master bedroom and office
* Recessed lighting plus fans in all rooms and office
* Fully tiled living areas with carpet and wood floors in bedrooms
* Single lock-up garage with additional car parking in front
* Covered outdoor entertainment area, perfect for family enjoyment and hosting guests
* The private spacious courtyard with maintenance free gardens is suitable for children and pet-secure living
Your Business includes:
Managers office with separate entrance attached to unit and on title
Attractive Body Corporate salary ($79k incl GST) with annual CPI increases
No set office hours
Usual office equipment
Excellent rapport with Committee and Body Corporate
Two sheds available for managers exclusive use
CCTV system- B/c owned
As you own your tools of the trade there is a excellent range of equipment included in sale price- such as mowers, garden care, power equipment etc
There is a separate list of equipment available for purchase: ie Rancher ride on mower + more
Cleveland Central by the numbers, currently:
11 units in rental pool
With `1 external rental
3 outside agents- opportunity to add to rental pool
Extra potential income from Handyman and gardening activities for residents
Average weekly rent- $420
Body Corporate Remuneration- currently $79k incl GST per annum (linked to CPI)
Net operating Profit- $89,284- verified by Industry Specialist Accountant
Business Price- $383,921 (4.3 multiplier)
Managers Residence- $670,000
Total Asking Price- $1,054,000 (rounded)
Dont miss out on this outstanding opportunity to secure a thriving permanent management rights business. With its strong rental pool with room to grow, strategic location and low-maintenance caretaking duties, this investment promises a harmonious blend of financial success and relaxed lifestyle. To avoid missing out we encourage interested parties to reach out with their inquiries promptly as such a lucrative opportunity is expected to be quickly secured.
Please Visit Website Using This Link- https://amanda0714.wixsite.com/cleveland-central
(highlight and right click) or click on link in Agent Details box
Property Inspections by appointment.
More Information
- Total Purchase Price: $1,054,000
- Net Income: $ 89,284
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 670,000
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?