EXTREMELY EASY CARE PERMANENT MANAGEMENT RIGHTS
$850,000
Permanent Management Rights, COOMBABAH QLD
Situated in a highly desirable suburb, RAAS are delighted to present to the market this outstanding opportunity to purchase the permanent Management Rights with a substantial Body Corporate salary that counts for more than 85% of the total income.
Currently managed by a single operator, the workload is very manageable with minimal facilities to maintain
No set office hours and flexible agreements - the incoming manager can enjoy the freedom and flexibility to suit their lifestyle.
This well-maintained permanent complex presents as a solid business suitable for a first-time buyer looking to secure a stable, low-maintenance business or a savvy operator to run as a side business.
The current manager successfully topped up the agreement terms with 22 years remaining with full support from the body corporate.
No set office hours
Long agreement terms - 22+ years
Beautiful 3 bedroom 2 bathroom plus a separate spacious office
Strong and consistent letting pool
Easy to run with manageable caretaking duties for a single operator
Located in highly sought-after area with high rental demand
Upside potential through additional income streams
Suitable for either first time buyer or experienced operators to secure an extremely low-maintenance MLR
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?