Permanent Management Rights - Northern Gold Coast with $240K net

$1,610,000

Permanent management rights, Oxenford QLD

Seize the chance to enjoy an ideal work-life balance with this management rights opportunity at a peaceful, low-maintenance residential complex on the scenic Northern Gold Coast.

With no pool, tennis court, or BBQ area to maintain, your responsibilities are streamlined, allowing you to focus on the essentials while avoiding the hassle of extra upkeep. This well-managed complex provides an attractive Body Corporate income, ensuring a high salary for managing landscaping and lawn care.

This role is perfectly suited for a team of two, where one can handle outdoor maintenance while the other focuses on office administration. Currently run under professional management, the existing team is open to maintaining their role or even partnering as equity investors with the new owner.

Enjoy flexible hours and a spacious, private three-bedroom, two-bathroom freestanding home as part of this arrangement, allowing you to achieve the ideal blend of work and leisure with substantial earning potential.

Highlights:
* Prime location near the M1, Theme Parks, schools, and shopping centres
* High Body Corporate salary
* Spacious three-bedroom, two-bathroom home with three parking spaces
Flexible hours and potential for growth

Net Profit: $240,124

Property Code: 20

More Information

Financial Overview

Total Purchase Price: $1,610,000
Net Income: $ 240,124 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 650,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.0
_{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.}

Letting Business

Letting Pool: 32
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 74
_{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: 40
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 147
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 170,226
_{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: 16 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 21 years
_{How long has the management rights existed.}

Office Hours: No Set Office Hours / Contactable
_{Required Office Hours}

Complex Features: Nil

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 650,000
_{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: Freestanding home consisting of 3 Bedroom + 2 Bathroom, large living areas kitchen, double lock up garage, private office + 3 additional car spaces