Permanent Complex in Cabarita Beach - ID 8744
$1,300,000
Permanent management rights, Bogangar NSW
New South Wales Management Rights For Sale
Work & Play in Paradise
- Fully renovated 3 beds 2 bath ground floor residence with great outdoor area
- No set hours in the agreement no need to live onsite
- Separate exclusive use office with loads of storage
- Low maintenance grounds, gardens and pool
- 42 permanent let apartments
- Opportunity to grow the business if you want to do holiday letting
- Complex backs onto a lake and nature reserve approx. 1km from the beach
- Ideal for a couple or family due to the residence size
- 20 mins to Coolangatta International Airport and 40 mins to Byron Bay
This is the place to be, living and working on the Coast with all its beautiful natural elements.
The wonderful residence would suit any house-proud homeowner OR if you are choosing to live offsite, a cheaper apartment could be sourced for approx. $350 000 saving you $600K on purchase price!
This is suitable for a single operator or couple.
Is it time for a sea change? I think so!
Net Profit: $90,982
Asking Price: $1,300,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $1,300,000
- Net Income: $ 90,982
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 950,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.8
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?