Proudly supported by all of the industry's leading brokers
Exclusive Opportunity: Management Rights Business for Sale in Surfers Paradise
$1,278,982
Permanent management rights, Surfers Paradise QLD
Maximize your investment returns by seizing the opportunity to invest in this apartment building with continually increasing business potential. Enjoy the perks of a resort lifestyle with a nice and supportive body corporate.
Nestled in the heart of the Gold Coast, this resort-style apartment offers unparalleled convenience, just a short stroll away from the beaches and shopping centres. Ideal for lifestyle buyers seeking comfort and style with stable business income. Similar units in this block command a rental income of $420 per week for permanent rentals. No fixed office hour, not required to live onsite.
The property boasts a range of amenities, including:
Sun-soaked swimming pool
Inviting spa pool
Tennis court
Squash court
Games room featuring table tennis and pool table
Barbecue area
Basement parking
Don't miss out on this chance to boost your management rights business investment portfolio. Act now to secure your piece of paradise on the Gold Coast. Schedule a viewing today to kickstart your journey towards success. Don't let this opportunity slip away
More Information
- Total Purchase Price: $1,278,982
- Net Income: $ 161,995
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 685,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.7
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?