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Prestigious Management Rights in Main Beach
$2,850,000
Permanent management rights, Main Beach QLD
Price Reduced for this Prestigious Management Rights for Sale in Main Beach
Management Rights Gold Coast for Sale
Liberty on Tedder
Set in beautiful Main Beach the residential complex boasts an exclusive position that offers resort facilities.
Standard Module with 9.5 years remaining
Lavish Gardens
Resort-style facilities
24-hour security
Extensive office space on title
No unit to purchase, requirement to live onsite and current manager rents a unit
Body Corporate salary $512,215 with CPI increases
13 units under management, with another 9 outside let and 190 in the complex
Net profit of $442,430 with $98,000.00 in profit and loss for garden and cleaning contractors
If you are gardener and do yourself you can $98,000 extra Income to Profit and lost
Office hours 9 am to 2:30 pm Monday to Friday only
Net Income $442,430.00
Business Price $2,654,580.00
Property: $360,000.00(Front office, lower level office, kitchen/lunch room area, storage and pool area kitchen all on title)
Total Price $ 3,014,580.00
#managementrightsforsale
More Information
- Total Purchase Price: $2,850,000
- Net Income: $ 442,430
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 360,000
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?