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1.81 Multiplier in Surfers Paradise - ID 9167
$1,068,000
Permanent management rights, Surfers Paradise QLD
Mixed Management Rights For Sale
A Super Bargain You've Never Seen Before!
- Super Low multiplier only 1.18 in Surfers Paradise.
- Simple job and less workload.
- High stable body corporate salary $104,404 plus GST with CPI increase.
- HighNet profit $136,430.
- Mix rentals with letting pool only 8 (holiday 3 and permanent 5), outside agents 8. Very small percentage of rental pool.
- You pay what you can get! The REAL Solid Value!
- Huge potential for income growth through multiple resources (letting pool increase, sale commission, maintenance income etc.).
- If you have very good communication skills and handy, you can make much MORE!
- Good managers residence with 2 bedrooms, 2 bathrooms, 1 security underground car space.
- Beautiful multiple courtyards, large professional office and reception area on title.
- Super convenient location, close to everything, all in walking distance, shops, restaurants, beach, park, public transport etc.
- The total price is only $1,068,000 (including very good 2 bedrooms apartments in Surfers Paradise).
It must be QUICK to get this super deal!
Net Profit: $136,430
Asking Price: $1,068,000
(Inclusive of Managers Real Estate)
More Information
- Total Purchase Price: $1,068,000
- Net Income: $ 136,430
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 820,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 1.8
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?