BURLEIGH PARADISE - PERMANENT MANAGEMENT RIGHTS | Resort Brokers ID : MR007710
$1,295,000
Permanent Management Rights, Burleigh Heads QLD
Five minutes from the 'buzz' of Burleigh Heads, Tallebudgera Cove is nestled in a quiet corner of West Burleigh, situated along the banks of tranquil Tallebudgera Creek.
This is a fantastic business opportunity with long 23-year agreements, no requirement to live on-site, no office hours and plenty of potential for further upside.
This impeccably maintained, easy-to-manage, permanent complex is perfect for the first-time operator or as an add-on business for those looking to grow their portfolio.
- 23 years left on agreements
- Flexible lifestyle with no set office hours or requirement to reside onsite
- Further income via rentingoutmanager's residence - $20k plus
- Upside potential to grow the letting pool by converting outside agents
- Impeccably maintained grounds and facilities
- Easy to manage complex perfect for first timer or add-on business
- Sought after West Burleigh location backing onto Tallebudgera creek
- Spacious 3 bed, 2 bath, 5 car manager's residence
- Extremely positive BC committee& community of owners
- Property inspections are by appointment only
Date updated: 12 May 2024 23:00:03
More Information
- Total Purchase Price: $1,295,000
- Net Income: $ 139,397
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
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?