Best Combination for lifestyle dream home and income

$1,699,000

Permanent management rights, Redcliffe QLD

Exceptional Location with Breathtaking Views
This building offers a prime position facing the beach, renowned as one of Australias top-rated sunrise spots. Just a one-minute stroll to the shore, youll find a bus stop right at the entrance and supermarkets conveniently nearby. The community is quiet and peaceful, with a variety of cafes and shops within walking distance.

The building is nearly new and benefits from a 24-years agreement and strong Body Corporate support. The sale is based solely on remuneration income, yet there is also an additional annual gross income of over $25,000 from BC and rental activities.

The managers apartment features three spacious bedrooms plus a large office, making it perfect for families or semi-retirees seeking an ideal lifestyle. The seller has other business plans in the works and is keen to sell. This is a fantastic opportunity with an unbeatable price-to-value ratio.

Contact the exclusive agent for more business information and building photos.

More Information

Financial Overview

Total Purchase Price: $1,699,000
Net Income: $ 157,861 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,195,000
_{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: 7
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 90
_{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: 30
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 124
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 157,861
_{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: 24 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 1 years
_{How long has the management rights existed.}

Office Hours: No set office hour
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,195,000
_{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: 0
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: 3 Bedroom 2 bathroom with large office on title. The size is 201m2.