CARETAKING ONLY - NOT REQUIRED TO LIVE ONSITE
$860,000
Permanent Management Rights, BIGGERA WATERS QLD
This permanent complex with townhouses and villas is in the sought-after Gold Coast suburb of Biggera Waters.
Not requirement to live on-site. Currently the 3-bedroom, 2-bathroom, 2 car manager's unit is leased out. As a bonus, this rental income is excluded from the manager's salary. Enjoy the private backyard and enclosed patio area for family gatherings.
No set office hours and easily to be managed by one person. Caretaking only business with stable salary. Standard workload with body corporate salary of $85,128 + GST which increases yearly by CPI.
Public school and bus stop are at your doorstep. Not far away from Harbour Town, Griffith University and Gold Coast hospital.
Permanent Gold Coast Management Rights businesses have historically proven so popular for many sound reasons, one of which is the freedom of being your own Boss. These Management Rights have thrived prior to and throughout COVID given the stable nature of the income and the need for tenants to secure quality accommodation in this ever-competitive rental market.
This unique Management Rights business for sale is structured with no requirement to live onsite, whilst being a Caretaking only operation! So please call me for more details.
More Information
- Total Purchase Price: $860,000
- Net Income: $ 85,128
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 545,000
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?