Stable High Net Luxury Waterfront Living - ID 8967

$2,350,000

Permanent management rights, Labrador QLD

Permanent Management Rights for Sale
Less Work with Flexible Hours

- Very limited work with flexibility.
- No set office hours.
- Well-maintained, high-quality waterfront building.
- High body corporate salary of $178,966 plus GST.
- 25-year full-term agreement.
- High net profit of $232,109.
- All permanent rentals in a large complex, with a small letting pool of 10, presenting great potential for additional income.
- High-quality, spacious, modern apartment with 2 bedrooms, 2 bathrooms, 2 secure parking spaces, air conditioning, and fans.
- Professional front desk, office, and storage facilities pet-friendly.
- Beautiful and peaceful waterfront environment.
- Great location, close to cafes, restaurants, public transport, parks, and shops.

The total asking price is $2,350,000, which includes a very spacious, high-quality, modern waterfront manager's unit (real estate: $1,250,000 business: $1,100,000).
If you're looking for the best waterfront living with high income, minimal work, and more free time, this is an opportunity you cant afford to miss.

Net Profit: $232,109
Asking Price: $2,350,000
(Inclusive of manager's real estate)

More Information

Financial Overview

Total Purchase Price: $2,350,000
Net Income: $ 232,109 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,250,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.7
_{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.}

Letting Business

Letting Pool: TBC
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: TBC
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 178,966
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 25 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 20 years
_{How long has the management rights existed.}

Office Hours: No set office hours
_{Required Office Hours}

Complex Features: Pool, Spa, Sauna, Gym, BBQ

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,250,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Modern apartment featuring 2 bedrooms, 2 bathrooms and 2 secure car parking spaces.