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Quality Living and Secure Income
$1,080,000
Permanent management rights, Southport QLD
Permanent Management Rights For Sale
Financial Future Firmly In Your Hand
- Magnificent manager's residence in central Gold Coast location
- 3 bedrooms, 2.5 bathrooms, double garage, beautiful courtyard, balcony from master bedroom
- The residence also includes air conditioning, ceiling fans and solar panels
- Permanent management rights complex with 6 in the letting pool
- Stable income
- Body Corporate salary around $78,000
- No set office hours
- Shops, doctors, pharmacy, cafes & restaurants are just at the doorstep
- Best beach and major shopping centres all within a short drive
- Close to good schools and golf course
High quality living with steady income along with impeccable manager's residence. Enjoy the peaceful lifestyle. This is one you can afford to miss!
Net Profit: $85,000
Asking Price: $1,080,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $1,080,000
- Net Income: $ 85,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 720,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.2
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?