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Experience the Ultimate Blend of Lifestyle and Business! - ID 9133
$1,450,000
Permanent management rights, Southport QLD
Permanent Management Rights for Sale
Discover an exceptional permanent management rights opportunity that perfectly balances luxurious living with a robust and dependable business. This outstanding complex offers a serene and secure resort-style environment, complete with a range of amenities designed for relaxation and recreation.
Key Features:
- Resort-Style Living: Enjoy the perks of pools, recreational areas, and a tennis court, all within your complex.
- Strong Financials: Benefit from a stable and growing business with a net profit exceeding $150k. The body corporate salary is a substantial $125K + GST, with annual CPI increases and potential for further growth.
- Prime Location: Centrally located, you're just a short trip away from the Gold Coasts best beaches, premier shopping centres, amusement parks, and top-tier schools.
- Flexible Management: With no set office hours, the duties are manageable by an individual, making this opportunity perfect for both newcomers and seasoned professionals.
- Comfortable Living: The managers residence offers a private and comfortable living space, tucked away at the end of a cul-de-sac, away from the main road and gate.
- Ample Storage: Plenty of storage space available to meet all your needs.
- Growth Opportunities: Expand the letting pool with 9 units currently rented externally, and explore additional income streams through internal sales and maintenance services.
This stunning complex not only promotes a stable income but also offers a fantastic lifestyle. Whether you're looking to enter the management rights industry or you're an experienced professional, this opportunity provides the perfect balance to achieve your goals.
Net Profit: $151,501
Asking Price: $1,450,000
(Inclusive of manager's real estate priced at $850,000)
More Information
- Total Purchase Price: $1,450,000
- Net Income: $ 151,501
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 850,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.0
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?