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Lifestyle and Return
$499,000
Permanent management rights, Coolangatta qld
This Business Only Permanent MLR Business is in a high rental demand area, historic back to back tenancies and 100% occupancy.
CPI salary increases every year.
Seller ready to retire, great ROI.
The business is ideally located within walking distance to schools and child care, short stroll to bus, few minutes drive to train station, shopping precinct.
Must see today, call The SIRE Team on 0404331310 or email for inspection now.
More Information
- Total Purchase Price: $499,000
- Net Income: $ 101,866
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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