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LARGE RESORT STYLE PERMANENT COMPLEX - HOPE ISLAND
$3,217,887
Permanent management rights, Hope Island QLD
A profitable business opportunity exists for new managers of this outstanding permanent waterfront complex located in the prestigious suburb of Hope Island on the northern Gold Coast.
The midrise complex offers 206 boutique style two and three-bedroom open plan luxury apartments with another 4 townhouses in the construction phase due to complete within the next 12 months.
With no set office hours, a 23-year agreement in place and with a lucrative net profit over $435,000 the business is sure to meet the requirements of discerning investors. Included is a studio apartment, 2 x offices and carpark, along with exclusive use storage for the manager to successfully operate the business.
- Excellent Body Corporate Salary
- Long Agreements
- Near New Complex
- Sought After Location
- Additional Income Potential
Call now for more information or to arrange an inspection, you wont be disappointed.
More Information
- Total Purchase Price: $3,217,887
- Net Income: $ 437,043
(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?