High Returns, Prime Location, Luxury Living - ID 9114

$3,590,000

Permanent management rights, Southport QLD

Permanent Management Rights for Sale
Maximise Your Profits in Prime Location

- Embark on a lucrative business venture with unparalleled income potential, a rare gem in the market.
- Boasting a robust net operating profit of $416,879.
- Enjoy substantial revenue streams, including a generous body corporate salary of $262,149 plus GST, an additional commercial salary of $50,032, totalling over $300,000.
- Manage a portfolio of 34 permanent rentals in the letting pool. Additional 10 apartments are managed by outside agents, offer significant room for expanding the letting pool.
- 25-year term agreement with 23 years remaining for stability and security.
- Indulge in the opulence of a modern 3-bedroom, 2-bathroom residence with a security car park and an expansive courtyard.
- Operate from a professional office space featuring three spacious rooms, a front desk, and ample storage.
- Proudly situated in a stylish, well-maintained modern building, exuding sophistication.
- Experience unparalleled convenience in a prime location with shopping centers, restaurants, bars, pharmacies, medical centers, beaches, parks, and public transport, all within walking distance.
- Enjoy a tranquil environment in a high-quality building equipped with first-class facilities.
- Optimise education opportunities with proximity to excellent schools.
- Seize this extraordinary opportunity at a compelling total selling price of $3,590,000, encompassing $1,295,000 of real estate on title.

Opportunities like these don't come around every day this is the dream business and residence you've been waiting for. Act now and turn this rare find into your reality.

Net Profit: $416,879
Asking Price: $3,590,000
(Inclusive of $1,295,000 manager's real estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Broker
Bill He

More Information

Financial Overview

Total Purchase Price: $3,590,000
Net Income: $ 416,879 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,295,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 5.5
_{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: $ 262,149
_{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: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 18 years
_{How long has the management rights existed.}

Office Hours: 9-5
_{Required Office Hours}

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

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,295,000
_{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.