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NO UNIT TO BUY - LIVE OFF SITE
EXPRESSIONS OF INTEREST
Permanent Management Rights, MUDGEERABA QLD
This straightforward Gold Coast Management Rights business provides an Outstanding Return on Investment! Minimal outlay on real estate component.
Stand-alone Manager's office on title and on-site. No office hours. No unit to purchase.
Common area responsibilities include the upkeep of swimming pool and low maintenance gardens, whilst in receipt of a Body Corporate Salary of $110,589 (ex-GST) p.a. This income represents 65% of current Net Profit. Long Management Agreements are in place to November 2046, supported by a cooperative Body Corporate Committee.
Upside with this business, as 14 onsite rentals with outside agents. Take the initiative and see your profit grow!
The complex is well-located among state and private schools. One of Australia's leading independent schools, Somerset College, is a short walk. Acquiring great tenants and investor owners is never an issue!
Within a few minutes' drive you will reach the commercial centre, Robina Town Centre, as well as the delightful "village" of Mudgeeraba, which has not lost its sense of "country" and encapsulates the perception of being a million miles away from the hustle and bustle of city life.
Mudgeeraba is a short drive east to our city's famous beaches and just 20 minutes' drive south to Gold Coast Domestic & International Airport.
Businesses with these attributes are rare indeed.
Expressions of Interest now sought.
More Information
- Total Purchase Price: EXPRESSIONS OF INTEREST
- Net Income: $ 164,000
(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