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Secure High Salary & Waterfront Lifestyle - ID 7993
Massive Growth Potential
Permanent management rights, Surfers Paradise QLD
- Very high net profit: $172,159.
- Mixed apartment letting pool: 12 permanent rentals, 17 outside agents, 15 lockups - low risk with huge growth potential.
- Large Body Corporate salary: $132,092 plus GST, CPI increases annually, making up over 70% of total income.
- Secure investment: You get high returns with minimal concerns.
- Long-term agreement: 25 years total, 22 years remaining, ensuring stability.
- Potential for higher income: Convert permanent rentals to holiday letting in popular Surfers Paradise.
- Simple operations & easy management with efficient systems in place.
- Modern waterfront managers unit: Spacious 2-bed, 2-bath, 1 secure car space, fully air-conditioned with a huge private yard.
- Large professional office included: 30 sqm of dedicated workspace with a peaceful and productive atmosphere.
- Breathtaking water views in a modern, tranquil complexyoull fall in love instantly.
- Prime Gold Coast location: Close to major roads, public transport, beaches, shops, restaurants, and medical centres in a highly sought-after, quiet, and central area.
- Total price: $1,750,000, including a superb waterfront managers unit.
Looking for a secure, high-income business with luxurious waterfront living? Look no furtherthis perfect opportunity brings your dream to life.
Net Profit: $172,159
Asking Price: $1,750,000
(Inclusive of Managers Real Estate)
More Information
- Total Purchase Price: Massive Growth Potential
- Net Income: $ 172,159
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 990,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
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?