NORTHERN GOLD COAST
$2,300,000
Permanent management rights, Runaway Bay QLD
A must view for those looking for a permanent building with low rentals in the northern area of the Gold Coast offering a balance of income and lifestyle opportunity in a prestige quality building.
The area affords easy walking along the Broadwater, local community shopping, schools and parks. The complex has lush gardens and resort-style amenities, including heated outdoor pool, sauna & gym, and floodlit tennis court with an entertainment BBQ pavilion.
The Manager's apartment offers three double bedrooms, two bathrooms (including master ensuite and WIR), a gourmet kitchen, a generous lounge and dining area, and balconies off each bedroom. There is a large garage and storage area along with a separate office adjoining the apartment with limited hours for a work-life balance.
The attractive contract is CP indexed and ideally a full real estate license would enhance what you can achieve income wise.
Call Martyn to inspect this great offering.
More Information
- Total Purchase Price: $2,300,000
- Net Income: $ 203,379
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,400,000
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?