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Permanent with No Fixed Hours and No Need to Live Onsite!!
$920,000
Permanent management rights, Surfers Paradise QLD
A hidden gem of a complex in the heart of one of the Gold Coast's most coveted suburbs and in close proximity to an array of restaurants, HOTA, public transport and the famous Surfers Paradise beach. Images might not depict this complex.
Although a smallish complex, on offer is a serene and tranquil environment complemented with a pool, spa, secure parking, low Body Corporate fees, with no need to live onsite and no fixed working hours. Ideal for someone wanting to enter the industry, or someone who wants to add such a bolt-on to their portfolio.
The unit comprises 2 bedroom, bathroom with laundry, open plan dining and living area leading out to a patio at the front and a small office. The manager 2 bedroom unit is currently occupied by a nominee manager who is happy to stay on in the current role.
To arrange an inspection please call: Gavin - 08854 or email:
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
More Information
- Total Purchase Price: $920,000
- Net Income: $ 83,600
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 530,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.7
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?