Long Term Seller Retiring and Keen to Move On
$850,000
Permanent management rights, Biggera Waters QLD
Very long-term manager is now retiring after 20 years and will consider all genuine offers.
Great opportunity to acquire a permanent townhouse complex in a great location close to schools, public transport, Harbour Town shopping and the Broadwater. The complex would suit someone new to the industry, or alternatively wishing to downsize. It can easily be run by one person, therefore being suitable for a couple where one wishes to work outside the business.
Accommodation module agreements expiring in 2042 with the bonus of no set office hours in the agreements. The workload is very manageable with facilities including swimming pool, full tennis court, and 2 storage sheds for the managers use.
Galleria designed managers townhouse features downstairs main bedroom with ensuite bathroom plus 2 large upstairs bedrooms. Very spacious open-plan living areas with high ceilings and airconditioning plus separate multi purpose room. Immaculate presentation, separate laundry and lovely private outdoor living are also on offer.
If you are looking for a business offering stability of income, together with a very comfortable managers residence, and located in a very popular letting location, make sure you inspect this one.
More Information
- Total Purchase Price: $850,000
- Net Income: $ 88,896
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 580,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.0
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?