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Permanent Complex With Plenty Of Potential! - ID 8096
$995,000
Permanent management rights, Surfers Paradise QLD
Gold Coast Management Rights For Sale
Rare Opportunity in Chevron Island, Surfers Paradise
An exciting opportunity awaits with the sale of a sought-after complex located in Chevron Island, Surfers Paradise. This well-maintained, 3-storey walk-up offers a range of attractive features, making it an ideal investment for those looking for an entry-level management rights business or looking to grow their portfolio.
One of the key advantages of this management rights is the freedom it offers with no set office hours This allows for a flexible schedule, providing a better work-life balance or the freedom to expand your portfolio. The complex is also designed for low maintenance, with a minimal workload to suit the flexible hours.
- Spacious 3-bedroom, 2-bathroom, 2 car unit.
- Large, attached office space.
- Growing net profit of $67,000.
- Generous Body Corporate salary of $41,723.
- Stable rental pool of 10 units (option to purchase an additional rent roll).
- No office hours!
- Low maintenance caretaking duties.
- Over 21 years on the agreements.
- Prime location in Chevron Island (Surfers Paradise).
Net Profit: Approx. $67,000
Asking Price: $995,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $995,000
- Net Income: $ 67,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 800,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.9
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?