Live The Dream in Main Beach...

$2,790,000

Permanent management rights, Main Beach QLD

Discover the luxurious work and lifestyle opportunity presented by this remarkable Management Rights offering, in the prestigious Main Beach Suburb.

Just a short distance from your residence, you will find the Southport Yacht Club, Surf Club, the lively Tedder Avenue Precinct, well-known patrolled beaches, and convenient access to public transportation. This immaculate complex boasts beautiful lush gardens and resort-style amenities, including an indoor heated pool, changing facilities, saunas, a spacious renovated outdoor pool, an opulent outdoor spa, a championship floodlit tennis court, and a pavilion featuring a double BBQ.

The expansive and expertly renovated Manager's Unit includes three bedrooms, two bathrooms (one being an ensuite), a gourmet kitchen, a generous lounge and dining area, a fenced wraparound private terrace, an oversized double-side-by-side secure parking bay, ample storage, and well-appointed large front and back offices.

Enjoy limited office hours for an ideal work-life balance.

Remuneration: $226,439 (Solid Guaranteed Income CP Indexed)
Income: $240,402
Possessing a Full Real Estate Agent's license would enable unit sales and enhance income (currently, approximately $30,000.00 is not included in the Net Profit).
Are you seeking a seamless blend of luxurious living and professional fulfilment? Look no further. Nestled in the heart of the prestigious Main Beach Suburb, this unique Management Rights opportunity promises an unparalleled work-life balance.

Call Barry. to arrange an inspection of this rare opportunity. Your dream lifestyle awaits!

More Information

Financial Overview

Total Purchase Price: $2,790,000
Net Income: $ 240,402 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,790,000
_{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.}

Letting Business

Letting Pool: 2
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 73
_{Number of units resided in by their owners.}

Lock Ups: 5
_{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: 80
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 226,439
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 10 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 33 years
_{How long has the management rights existed.}

Office Hours: M-F 8:30 to 12:30
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,790,000
_{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: TOTALLY RENOVATED TO AN EXCEPTIONAL STANDARD