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Permanent Business Only - Absolute Beachfront with Strong Net Profit over $240k | Resort Brokers ID : MR008366
$1,350,000
Permanent Management Rights, Scarborough QLD
Exceptional management rights opportunity located right on the stunning Scarborough waterfront. This impressive 131 apartment complex offers a high net income and a substantial body corporate salary. With no requirement to reside onsite, this is the ultimate investment for savvy managers and can easily be managed by one person.
Business Price: $1,250,000
Office Price: $100,000
Total Price: $1,350,000
- Permanent business only– High net profit over $242k
- No office hours– No unit to buy
- Solid BC salary - $212,923 - Over 88% of total income
- Modern apartments with a small letting pool to manage
- Podium-level swimming pool with gardens and outdoor seating
- Ground-floor office on title to purchase– $100k
- Easily managed by one person
- Perfect add-on for a local operator or newcomer to the industry
- Beautiful bayside location close to cafes, restaurants, transport, and amenities
- Inspections by appointment only
Date updated: 03 Nov 2024 22:00:03
More Information
- Total Purchase Price: $1,350,000
- Net Income: $ 242,277
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 100,000
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?