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  • management rights Gold Coast
  • management rights Gold Coast
  • management rights Gold Coast
  • management rights Gold Coast
  • management rights Gold Coast

Easily Run Management Rights in Surfers Paradise - ID 9151

$775,000

Permanent management rights, Surfers Paradise QLD

Permanent / Holiday Management Rights for Sale
River location with Upside Potential

- Office attached and on title.
- 19-year agreements with 5 yr. top due Dec 2024.
- No set office hours in agreements, contactable only.
- Vendor moving on after 11 years.
- 2 external rentals available, netting $11,684 (additional to advertised profit).
- Low workload, can be run by one person.
- Well-located, 10 min walk to the beach.
- 2 BR residence with enclosed courtyard.

If you are new to management rights, this is the complex for you. A secure business with long agreements, low workload, and growth potential. An enthusiastic new operator looking for a holiday business in Surfers Paradise will do very well here.

Net Profit: $73,531
Asking Price: $775,000
(Inclusive of Manager's Real Estate)

More Information

Financial Overview

  • Total Purchase Price: $775,000
  • Net Income: $ 73,531 (actual)
    This is the combined total income acheived by the business after expenses, before tax.
  • Included Real Estate: $ 540,000
    The value of on-title property included with the business. Its price is included in the Total Purchase Price.
  • Multiplier: 3.2
    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.

Letting Business

  • Letting Pool: 7
    Number of units the manager is authorised to manage.
  • Owner Occupiers: 6
    Number of units resided in by their owners.
  • Lock Ups: 0
    Number of units owners are not renting out, but also do not live in.
  • Outside Agents: 3
    Number of units being rented by other agents (these could potentially be acquired by the manager).
  • Units In Complex: 16
    The total number of units within the complex.

    • Caretaking

  • Remuneration: $ 25,749
    This is the body corporate caretaker salary. It is included in the Net Income above.
  • Agreement Term: 20 years
    How long is the caretaking contract.
  • Agreement Remaining: 19 years
    How long remains on the caretaking contract before it must be renewed?
  • Agreement Age: 29 years
    How long has the management rights existed.
  • Office Hours: No set office hours
    Required Office Hours
  • Complex Features: BBQ, Pool, and Jetty

    • Real Estate Component

  • Manager's Unit:   2 2
  • Included Real Estate: $ 540,000
    The value of on-title property included with the business. Its price is included in the Total Purchase Price.
  • Manager's Car Spaces: 1
  • Office On Title: 1
    Is there a manager's office included on the title?
  • Pets: No
    Can the manager own a pet on site?
  • Unit Features: 2-bedroom, 2-bathroom apartment attached to the office on title with a private courtyard off the living room.

    • Listing Agent Contact Details

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    • Property ID: 21139198
    • Broker's Ref: 9151
      • =753695
    • Last Update: 2 weeks ago.
    • Listing Type: Permanent
    • Price: $775,000
    • Surfers Paradise, QLD