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Permanent with Re-Development Potential!!
$1,353,000
Permanent management rights, Main Beach QLD
A dated complex with re-development potential. A premium has been incorporated in the price due to current discussions with a property development company.
The complex is a short stroll to the beach and within close driving proximity to excellent Public & Private schools, including TSS and St Hilda's Schools. This complex is also within walking distance to all the amenities offered by Main Beach, Southport Yacht and Surf Clubs and a short drive to nearby Marina Mirage, The Sheraton Mirage, The Imperial and SeaWorld. Image might not depict this complex.
The manager is required to reside onsite, however, there are no fixed hours attached to the caretaking duties.
The managers ground floor unit in this 3 storey walk up complex comprises 2 bedrooms, 2 bathrooms with patio and entertaining area leading off from living area to the pool. 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
- Total Purchase Price: $1,353,000
- Net Income: $ 75,400
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 900,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 6.0
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?