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High Income & Easy Business - ID 8503
High Income Easy Business
Resort / Holiday management rights, Biggera Waters QLD
Mixed Management Rights for Sale
Spacious Waterfront Quality Unit
- Very high net profit: $300,000
- Very simple caretaking duties with a light workload.
- Mixed apartments with a holiday letting pool of 22, permanent residents in 6, outside agents managing 3, and 6 lockups.
- Long-term agreement of 25 years, with 21 years remaining.
- Stable and high body corporate salary: $119,478 plus GST with consistent growth aligned with CPI.
- No set office hours, offering super flexible arrangements.
- Always very strong bookings.
- Perfect operation with wonderful contractors in place at a very low cost.
- Renovated, quality, spacious 3-bedroom, 2-bathroom managers unit, with 1 plus 1 car spaces, air conditioning, and totalling more than 130 square meters.
- Two large balconies with beautiful waterway views at a peaceful waterfront location.
- Spacious and exclusive use of a professional office.
- Wonderful and convenient location, close to Broadwater, waterways, parks, shops, and a major shopping centre, with beautiful surroundings.
- Ample storage available. Pet-friendly building.
- Enjoy beautiful Gold Coast living while earning a high stable income.
- The total price is only $2,214,000 (including the large water-view managers unit).
If you want beautiful, spacious waterfront living with a high income, this is an opportunity you can't afford to miss.
Net Profit: $300,000
Asking Price: $2,214,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: High Income Easy Business
- Net Income: $ 300,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 840,000
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?