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LIVE OFF-SITE. WALK TO BEACH........
$950,000
Permanent Management Rights, SURFERS PARADISE QLD
When location e the Gold Coast's Surfer Paradise!
Enjoy the Chevron Island village atmosphere and relaxed lifestyle offered in this well-presented resort style residential Gold Coast Management Rights.
Very secure complex with premium street appeal but minimal gardens to maintain.
Benefits of long agreements with 21 years remaining and an attractive Body Corporate Salary of over $60,000, plus GST.
Manager's unit currently rented out at over $18,000 p.a. which is in addition to the stated business Net Profit of over $87,000.
A high proportion of popular 1 and 2 bedroom rental apartments.
Facilities offered include sparkling pool, spa and gym.
Attached Office on title with external entry and no set hours.
Manager's superb 2 bedroom, 2 bathroom apartment is beautifully appointed, well presented and befits its private setting with a sunny balcony and huge entertaining courtyard on title.
Inspection will impress.
More Information
- Total Purchase Price: $950,000
- Net Income: $ 87,839
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 600,000
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?