WATERFRONT PERMANENT HI-RISE COMPLEX - GREAT WORK LIFE AT A GREAT PRICE

$1,162,878

Permanent management rights, Mermaid Waters QLD

This tightly-held Waterfront complex finally hits the market AT A MOTIVATED 1.99 MULTIPLIER.
A complex that offers an easy introduction to Management Rights due to its easy workload.

Discover the perfect blend of lifestyle and business at this Permanent Hi-Rise Complex. Ideal for newcomers to Management Rights, it offers:
Easy Management: Light duties with a welcoming committee.
3 Bedroom Apartment: Call it home or rent it out for additional income.
Convenient Parking: Includes 1 car space.
Rental Income: Projected $1,000+ per week. (no need to live on site)
Prime Location: Minutes from Pacific Fair.
Easy Hours: Enjoy a manageable workload & no requirement to live on-site

This is easily a single-person business.
Don't miss this chance to step into a thriving business with a spacious home base

More Information

Financial Overview

Total Purchase Price: $1,162,878
Net Income: $ 101,949 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 960,000
_{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: 9
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 36
_{Number of units resided in by their owners.}

Lock Ups: 4
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 52
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 89,036
_{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: 9 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: M-F 8:30 - 12:00
_{Required Office Hours}

Complex Features: These resort-style facilities are available within the complex. The manager is NOT required to maintain the following features: Resort Style Swimming Pool, Tennis Courts, BBQ area, Function Room

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 960,000
_{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: No
_{Can the manager own a pet on site?}

Unit Features: Ground-Level Oasis with Business Potential Discover this spacious, newly renovated managerâs residence featuring a large patio overlooking a sprawling garden. Light, bright, and airy, its perfect for living and working. Spacious ground-level apartment 3 BR, 2 TB, 1 Carspace,Â Storage rooms and spaces. Large patio with garden views. Recently renovated for added charm. Ideal for living and running a business. Embrace a serene lifestyle with effortless business opportunities. The real estate price includes a large office on-title. Contact us today to tour your future home and workspace! Live. Work. Thrive.