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Caretaking and Letting only!!
$555,000
Permanent management rights, Palm Beach QLD
Permanent Complex in Prime Location.
Palm Beach Shopping Centre is an approximate five-minute drive away, while an abundance of eateries and cafes are within easy reach by foot.
In the centre of the tropically landscaped atrium you will find a heated waterfall-edge pool, adjoined by a state-of-the-art fitness centre. On the oceanfront rooftop residents one can enjoy coastline vistas while having access to the building's herb garden.
On offer to the astute buyer - a new agreement of 25 years, no fixed working hours, no real estate to buy, no need to live onsite and a 20% ROI.
To arrange an inspection please call: Gavin - 08854 or email: admin@
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
More Information
- Total Purchase Price: $555,000
- Net Income: $ 114,900
()
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