Proudly supported by all of the industry's leading brokers
PERMANENT MANAGEMENT RIGHTS - NO SET OFFICE HOURS
$1,090,000
Permanent Management Rights, UPPER COOMERA QLD
We are delighted to present for sale this lovely, gated, residential property management business.
Offering a current Body Corporate salary of $101,423 plus GST with yearly increases in line with CPI. Caretaking Salary represents 78% of total $130,000 Net Profit. A very secure business with 21 years remaining on Management Agreements.
This Gold Coast Management Rights business has no set office hours and can be easily managed by a new manager. There is also a very nice community environment in this complex.
A 3-bedroom, 2-bathroom manager's townhouse, with office on title, is also included with the business. Providing a flexible working environment and enjoying family life at the same time.
Located near Westfield's Coomera Shopping Centre, public and private schools and local shops. Not far away from Movie World, Dream World and Griffith University. Easily access Pacific Highway, either north to Brisbane airport or south to Gold Coast Airport.
If you don't want to miss this opportunity to become your own boss, please call me as early as possible.
More Information
- Total Purchase Price: $1,090,000
- Net Income: $ 130,216
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
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?