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Low-Maintenance MR in Southport Offering an Exceptional Work-Life Balance | Resort Brokers ID : MR008469
$875,000
Permanent Management Rights, SOUTHPORT QLD
ResortBrokers presents Irismay Gardens, a low-maintenance Management Rights opportunity in Southport. This business nets $75,000, including a $67,000 Body Corporate Salary, and offers huge potential for growth with 8 outside agents.
The manager's residence features a well-appointed two-bedroom, two-bathroom unit in a quiet Southport location. With minimal caretaking duties, this opportunity is perfect for a first-timer or semi-retiree seeking a rewarding work-life balance.
Situated near major health and legal services and sought-after schools, this property ensures strong rental demand while delivering lifestyle appeal.
- Management Rights opportunity in Southport's rapidly developing area
- Generous Body Corporate Salary of $67,000
- Comfortable manager's residence with two bedrooms, two bathrooms, and a car space
- Manageable and growing with regaining eight outside agent letting appointments
- Well located near major health and legal services and desired schools
- Ideal opportunity for first-timers with lifestyle plans
- Inspections by appointment only
Date updated: 22 Nov 2024 22:00:02
More Information
- Total Purchase Price: $875,000
- Net Income: $ 75,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 575,000
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?