Modern and Dated Permanents in Main Beach!!

$2,605,000

Permanent management rights, Main Beach QLD

Two complexes close to each other are combined for sale in Main Beach. Both situated close to the beach and within close proximity to excellent Public & Private schools, including TSS and St Hilda's. Both complexes are within walking distance to Teddy Street, Southport Yacht and Surf Clubs and a short drive to nearby Marina Mirage, The Sheraton Mirage, The Imperial and SeaWorld. Also in close proximity is The Light Rail that allows easy access to The Hospital and Pacific Fair. Images might not depict these complexes.

The older Main Beach complex is ideal for redevelopment on offer secure salaries, no fixed hours, and no need to reside onsite with one of the complexes.

The onsite managers ground floor unit comprises 2 bedrooms, 2 bathrooms with patio leading off from living area. Fully equipped kitchen adjoins the lounge/dining area. Separate laundry and secure underground parking.

To arrange an inspection call: Gavin - 08854 or email:

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

More Information

Financial Overview

Total Purchase Price: $2,605,000
Net Income: $ 168,400 ()
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,780,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.9
_{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: 20
_{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: 58
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 139,200
_{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: 15 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Contactable
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 4 3

Included Real Estate: $ 1,780,000
_{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: