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Stop Looking- This is the One- Management Rights - Business Only. No Real Estate to Buy
Offers Over $1,400,000
Permanent management rights, Maroochydore QLD
No Real Estate to Buy
Body Corp Salary $161,000.( Guaranteed Every Year)
Net Operating Profit $285,000.
No Real Estate To Buy.
No Set Office Hours.
Perfect Add-On Business.
No Requirement To Live On Site.
Maroochy Sands has everything going for it.
Extremely well-run existing business with complex in premium condition.
Prime location to take advantage of significant growth occurring on Sunshine Coast.
Envious opportunity to grow the business and units under management.
Being offered for sale for the first time in 19 years.
Key Points Of Difference-
*Income
Body Corp Salary $161,000 - (Guaranteed ROI)
Net Operating Profit $285,000
Agreement 23 years to run.
*Growth
Emerging CBD - digital and data driven.
Sunshine Coast economy has just surpassed that of Adelaide.
2032 Olympic Games.
Largest health precinct in the Southern Hemisphere.
New Hospital under construction in Maroochydore.
Airport upgrade for international standard.
Regional Airline based in Maroochydore- introducing new visitors to the Sunny Coast.
Population Growth- Highest Internal Migration rate in Australia.
*Why Should I Buy
Killer ROI.
Attractively Priced.
Minimum guaranteed income $161,000 p.a. reviewed annually tied to CPI. Plus, market
review every 5 years- Next one due June 2025
Holiday and corporate business taking out the ebbs and flows of income.
Demand for beds is at an all-time high driven by holiday accessibility and economic
evolution of the Sunny Coast.
*Finance
Very bankable as capital is not tied up in non yielding asset.
Envious ROI.
Very high Body Corp. salary.
*Lifestyle
Opposite Maroochydore surf beach
Cotton Tree Area.
No set office hours.
No need to live on site.
Exceptional Agreement.
Low maintenance common areas.
Have a life outside of the complex and / or additional income streams.
The numbers tell the story - Perfect for the Savvy Investor who is income driven, risk adverse with an eye to the potential exit strategy .
Perfect Addon Business or Lifestyle/ Semi Retirement. Work Life Balance.
Disclaimer:
We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.
More Information
- Total Purchase Price: Offers Over $1,400,000
- Net Income: $ 265,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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