off the plan BUSINESS-ONLY LUXURY RESIDENTIAL COMPLEX, BEACHSIDE IN Coolangatta | Resort Brokers ID : OTP007302
$228,995
Off The Plan Management Rights, Coolangatta QLD
The luxury residential Management Rights market is booming with business-only complexes in high demand.
With no set office hours, no requirement to own real estate in the building or reside onsite and, a 10-year standard module agreement, this Management Rights business presents a grand opportunity that will not last long in the market.
Whether you are an experienced operator looking for an add-on business or a post Covid-19 career change, the time to act is now.
- 10-year accommodation agreement
- Brand new Off-The-Plan residential complex
- Low maintenance resort facilities
- Fantastic beachside location
- High-end property in sought-after hotspot
- Perfect add-on caretaking business for local operator
- Business only/caretaking only - no real estate to purchase
- Great Body Corporate Salary of over $48k (subject to CPI or +5% p/a)
- No set office hours
- Property inspections are by appointment only
Date updated: 28 Apr 2024 23:00:02
More Information
- Total Purchase Price: $228,995
- Net Income: $ 0
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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?