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Exclusive - Rare Permanent MR in Prime Location - ID 8676
$995,000
Permanent management rights, Yeppoon QLD
Strong Income, Easy Caretaking Duties & Coastal Lifestyle
Permanent Management Rights for Sale
- Price $995,000 includes substantial 3-bedroom residence in highly regarded Pandanus Park.
- Net $102,529 which includes Body Corporate Salary $108,924 (plus GST).
- Fabulous Yeppoon lifestyle and right in the heart of town.
- Very reasonable office hours only requiring to be contactable.
- Managers duties mainly caretaking of gardens, lawns, and pool.
Very rare opportunity to purchase a permanent management rights complex in coastal Yeppoon. Great income and lifestyle.
Net Profit: $102,529
Asking Price: $995,000
(Inclusive of Managers Real Estate)
More Information
- Total Purchase Price: $995,000
- Net Income: $ 102,529
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 695,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.9
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?