PRIME CENTRAL GOLD COAST MANAGEMENT RIGHTS
$1,520,400
Permanent Management Rights, ASHMORE QLD
With an impressive location, these extremely popular residential townhouse complexes are not to be missed!
A generous body corporate salary of over $123,000, with the greater of 5% or CPI annual increases, is on offer which equates to 85% of total business net profit of $144,000. Combine this with comfortable terms remaining on your management agreements and this business becomes a very solid investment.
Manager's residence is a 3 Bedroom, 2.5 Bathroom townhouse with two car spaces and office on title. Enjoy the spacious, covered, and private back yard, ideal for family BBQ's and entertaining.
Just a stroll away from school, shopping, and parklands. A few minutes' drive to Pindara Hospital, Botanical Gardens, Southport Gold Club, Gold Coast Turf Club and so much more! Ten minutes' drive to the beach.
Exclusive Agency. Talk to us now.
More Information
- Total Purchase Price: $1,520,400
- Net Income: $ 144,046
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 829,000
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?