Proudly supported by all of the industry's leading brokers
Around $200K Stable Salary & Simple Duties - ID
$1,862,000
Permanent management rights, Surfers Paradise QLD
Permanent Management Rights for Sale
Significant Income Upside Potential
- Incredible Money-Making Machine opportunity with this lucrative business.
- Stable, very high Body Corporate salary of $196,304 plus GST, with annual CPI increases.
- High net profit of $225,018, with most income derived from the reliable Body Corporate salary.
- 25-year agreement with 16 years remaining, plus top-up options.
- Supportive committee and very manageable tasks all rentals are permanent (no holiday rentals), allowing for fewer hours and easier management for one person.
- All permanent rentals with a letting pool of 21, 6 outside agents, and 2 lock-ups.
- Additional income sources include 6 large storage units, multiple luggage rooms, and a secure car parkall in the heart of Surfers Paradise, a high-demand area in the Gold Coast.
- Opportunity for extra income from in-complex maintenance and renovations, ideal for someone skilled in handy work.
- Spacious 3-bedroom, 2-bathroom managers residence with 2 secure car spaces and air conditioning.
- Professional office space attached on title.
- Prime central location in Surfers Paradise shops, restaurants, medical services, public transport, and beaches are all within a 12-minute walkarguably the most convenient location in the Gold Coast.
- Priced at $1,862,000, including the 3-bedroom apartment.
Compare and see the real difference for yourselfdiscover the ease and simplicity of stable earnings.
Dont miss out act now to avoid future regret!
Net Profit: $225,018
Asking Price: $1,862,000
(Inclusive of 3-Bedroom manager's real estate)
More Information
- Total Purchase Price: $1,862,000
- Net Income: $ 225,018
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 680,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.3
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?