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Bayside Living
$810K MR&$660k Unit = Total $1.47M
Permanent Management Rights, DECEPTION BAY QLD
This impressive and distinctive managers residence presents a unique opportunity for buyers seeking both a comfortable home and a lucrative investment. Featuring a newly upgraded, modern kitchen, the property has been renovated to offer a harmonious blend of style and functionality. Boasting two separate living areas, it accommodates diverse lifestyles and provides ample space for relaxation and entertainment.
Located in an exceptionally private setting, the residence is enveloped by lush tropical gardens that create a tranquil atmosphere and an inviting outdoor retreat. The property also includes generous parking facilities that can comfortably accommodate four to six vehicles, ensuring convenience for residents and visitors alike. Fully insulated for year-round comfort, every aspect of the home has been designed with quality in mind.
Complementing the residential appeal is the integrated Management Rights Business, offering an excellent return on investment. The quiet, well-established complex is popular with tenants, many of whom have maintained long-term tenancies. Set in a bayside locale, the property benefits from refreshing breezes and scenic views.
For a private inspection, please contact Robert Collins.
Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks
More Information
- Total Purchase Price: $810K MR&$660k Unit = Total $1.47M
- Net Income: $ 156,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 660,000
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?