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Currumbin Permanent MR and at 3.4x - this represents value
$455k MR$745k Unit Total $1.2M
Permanent Management Rights, ELANORA QLD
Serene Permanent Complex in Beautiful Currumbin - Discover this charming and tranquil permanent complex located in the picturesque Currumbin area. Conveniently close to schools and shops, and just a short drive to the beach, this property offers an ideal lifestyle for families and individuals alike.
Key Financials: 3.4xMultiplier | Body Corporate Salary@ $112K | Net Income: $133K
Property Highlights:
- Spacious 3/4 Bedroom Home (Office can be converted into a bedroom)
- Renovated with Beautiful Finishings & Three Car Spaces
- Includes a Golf Cart for easy navigation around the complex & easily managed by onePerson
- Relaxing Back Balcony overlooking bushland, perfect for unwinding with a cold drink
- Minimal Lawn Maintenance
- Long Agreements with No Office Hours
This property is perfect for families - bring the dog and the kids! The owners are eager to retire and travel in their caravan, making this a must-see opportunity. Don't miss out on this incredible opportunity to own a piece of paradise in Currumbin. Schedule an inspection today!
Contact Kerrie Lush: 93 or
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $455k MR$745k Unit Total $1.2M
- Net Income: $ 133,011
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 745,000
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?