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BOUTIQUE BUILDING - NO REQUIREMENT TO LIVE ON-SITE
$998,000
Permanent Management Rights, RUNAWAY BAY QLD
Great canal location with access to the beautiful Gold Coast Broadwater.
Runaway Bay Shopping Village is a short walk as are other amenities. The quality residential apartment building is a mixture of long-term tenants and owner occupiers.
Approximately 13 years old, this Management Rights is easily managed. Quality apartment building with low maintenance gardens.
A solid term remaining on the Management Agreements of 20 years with current Body Corporate Salary of $67,000 plus GST, increasing yearly by CPI.
Very supportive Body Corporate committee.
Manager's apartment is currently tenanted.
More Information
- Total Purchase Price: $998,000
- Net Income: $ 110,543
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 450,000
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.
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
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?