3.45 multiplier in Main Beach - ID 9117

$1,376,000

Permanent management rights, Main Beach QLD

Permanent Management Rights for Sale
No Requirement to Live Onsite

- Explore a Lucrative Business Opportunity:Unlock unmatched income potential with a rare gem in the market, boasting 15 years of success now available for the first time!
- Flexible Management:No need to reside onsite. The manager's unit is rented out for additional income, giving you the flexibility to manage from afar.
Work on Your Terms:Enjoy the freedom of no set office hours, minimal gardening, and an easily manageable workload with flexible hours.
- Stability and Security:Experience a stable income. Benefit from a proven operational model with a 15-year history.
- Body Corporate Salary: Earn a solid body corporate salary of $101,079 plus GST, ensuring financial stability.
- Expansive Rental Portfolio: With 1 apartment in the letting pool, there is potential to increase your portfolio further.
- Impressive Net Profit: Revel in a net profit of $114,716, ensuring a return on investment that speaks for itself.
- Prime Property Investment:Modern 2-bedroom, 1-bathroom apartment with full air conditioning, security car parking, and spacious private courtyards.
- Convenient Office Space: Benefit from a separate office on the property, providing an organized and professional space for management.
- Secure Investment:Invest with confidence in a safe, beautiful, and convenient location. Proximity to shops, restaurants, pharmacy, beach, park, shopping centers, public transport, and major roads adds to its appeal.
- All-Inclusive Price: Acquire this prime opportunity for only $1,376,000, inclusive of a spacious 2-bedroom manager's unit. Act now to secure your foothold in this thriving venture!

Indulge in a life of financial stability that paves the way for comfort and success. Your search ends here this opportunity is simply too good to pass up.

Net Profit: $114,716
Asking Price: $1,376,000
(Inclusive of manager's real estate)

More Information

Financial Overview

Total Purchase Price: $1,376,000
Net Income: $ 114,716 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,000,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.3
_{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: $ 101,079
_{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: 11 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 19 years
_{How long has the management rights existed.}

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

Complex Features: Pool, Spa, BBQ, Gym

Real Estate Component

Manager's Unit: 2 1

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

Manager's Car Spaces: 1

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: This apartment in the heart of the Gold Coast offers two bedrooms, full air conditioning, secure parking, and spacious private courtyards. With separate offices included, it caters to both comfort and professional convenience.