GOLD COAST PERMANENT MANAGEMENT RIGHTS - PEACEFUL BUSHLAND SETTING

$1,576,751

Permanent management rights, Mudgeeraba QLD

We are pleased to offer this fantastic permanent management rights complex and excellent managers residence located in the leafy Gold Coast suburb of Mudgeeraba.

There are a total of 66 lots in the complex. The complex is gated has a lovely pool, gym, sauna and function room for residents to enjoy.

A very nice, two level 3-bedroom townhouse, featuring 2 bathrooms and separate laundry, open plan living with timber floors, air-conditioning great views and space for 4 cars.

With a generous salary this is a great opportunity for buyers new to the industry to purchase a great home with good income and no set office hours. The complex is located in a peaceful bushland setting overlooking the Gold Coast and is a short drive to great schools, beaches and shopping.

- Good BC Salary $129,940
- Large home
- Beautiful quiet location but close to great schools, beach and shopping
- Elevated position with great views

Call now for further information and to arrange an inspection.

More Information

Financial Overview

Total Purchase Price: $1,576,751
Net Income: $ 137,898 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 970,000
_{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: 6
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 54
_{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: 6
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 66
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 129,940
_{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: 21 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: No set office hours
_{Required Office Hours}

Complex Features: Swimming Pool, Spa, Gym, Sauna, Function Room, Gated

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 970,000
_{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: A lovely, two level 3-bedroom, 2.5 -bathroom townhouse. Open plan living which opens onto a private entertaining area with great views. Air-conditioning, timber floors in living area, parking for 4 cars including a 2-car garage with and large office attached to the residence. Great exclusive use storage areas.