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Simple, Neat and Tidy!
$1,035,000
Permanent management rights, Southport QLD
Prime Location
Perfectly located in the prestigious heart of Southport, a highly sought after, offering CBD and Broadwater charm
Only a short walk sea and Broadwater Park and CBD
Close to all the necessary amenities, only a short walk to Australia Fair Shopping Centre&CBD as well as all vibrant and distinctive award-winning dining, shopping, beauty, health&wellbeing precinct and a wide array of amenities, everything is only moments away.
Great Complex
Well-appointed two or three-bedroom low rise apartments building situated in one of Southport's most desirable complexes. Residents will relax and entertain at the spectacular pool&recreation deck. Across the street is the seafront boardwalk and a short walk to Broadwater Parklands. At the door is the restaurant, cafe and bar precinct of Southport. Good rental and very popular for renters, since so close to all the public transport this makes it ideal for the city lifestyle for tenants.
Body Corporate very good and supportive to work with
Long agreement 21+ years left on a 25 years accommodation module
Well established and Very well run complex, all procedures documented
Good Body Corporate Salary of $61,031 with annual CPI increase every August
Modern and Spacious Manager Residence
Three bedrooms, two bathrooms, lounge/dining room, kitchen, laundry and a good balcony, two carparks, comfortably suits all your family's needs Fully refurbished home offers new kitchen, new baths/toilets, new aircons, new fabric curtains, new floor - Just a new home for you!
This would be a perfect opportunity to secure a solid income and lifestyle business, it ticks all your boxes. Please book your inspection immediately, contact Exclusive Agency - NEXT team!
More Information
- Total Purchase Price: $1,035,000
- Net Income: $ 84,373
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 680,000
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?