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No Unit To Buy - ID 9128
$555,000
Permanent management rights, Palm Beach QLD
Permanent Management Rights For Sale
Great Return on Investment
- 100m to the ocean at Palm Beach
- New 25 year agreements to incoming manager
- As new building (4 years old)
- High demand rental area, within Currumbin Highschool catchment zone
- Multiple visitor carparking
- Secure access with fobs and intercom to all apartments
- Generous salary of $96,538 + GST
- Short drive to M1 and Gold Coast Airport
- Minimal workload
This is a rare opportunity to purchase a Management Rights business in a new building without the need to buy real estate. This pushes the overall return on investment to over 20% which is rare in management rights. This business in ideal for anyone new to the industry or an existing operator looking to add to their management rights portfolio.
Net Profit: $114,976
Asking Price: $555,000
More Information
- Total Purchase Price: $555,000
- Net Income: $ 114,976
(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: 4.8
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