$428,657 Net with $331,375 Salary - ID 9114

Prime Location Huge Income Upside Potential

Permanent management rights, Southport QLD

Permanent Management Rights for Sale
Prime Location & Huge Income Upside Potential

- High net operating profit of $428,657.
- Large, stable Body Corporate salary of $331,375 + GST (Residential: $279,468 + GST | Commercial: $51,907 + GST).
- All permanent rentals with a small letting pool of 30 units and 15 under outside agents.
- 25-year agreement with 22 years remaining, providing long-term business security.
- Significant additional income potential, including high-value sales commission opportunities.
- Spacious modern apartment with 3 bedrooms, 2 bathrooms, 1 secure car park, and a super-large private courtyard.
- Professional office with 3 spacious rooms, front desk, and ample storage.
- Stylish and well-maintained modern building in excellent condition.
- Unbeatable location Shopping centre, restaurants, bars, pharmacy, medical centre, beach, park, and public transport all within walking distance.
- Peaceful environment, high-quality building, and first-class facilities.
- Located within a highly regarded school catchment area.
- Total asking price: $3,580,000, including $1,280,000 in modern residential and office real estate.

Great income, high-quality residence, and a super convenient lifestyle - theres no better opportunity available.
Dream business-and-residence combinations like this dont come around every day.
Secure it now, or you may be waiting decades for another chance.

Net Profit: $428,657
Asking Price: $3,580,000
(Inclusive of $1,280,000 Managers Real Estate)

More Information

Financial Overview

Total Purchase Price: Prime Location Huge Income Upside Potential
Net Income: $ 428,657 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,280,000
_{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.}

Letting Business

Letting Pool: TBC
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: TBC
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 331,375
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 22 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 20 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Swimming Pool, Spa, Sauna, BBQ, Library, Gym

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,280,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Expansive 3-bed, 2-bath residence with a secure parking space and a spacious courtyard. Attached is a professional office space with three rooms and ample storage.