Discover Serene Living and Lucrative Returns: Your Gateway to Gold Coast's Prime Management Rights Opportunity!
$945,000
Permanent Management Rights, COOMBABAH QLD
Located on Oxley Drive in the serene Coombabah suburb, Nestled in one of the Gold Coast's prime spots, it offers unparalleled accessibility to numerous shopping centres, educational institutions, thrilling theme parks, and pristine beaches. Surfers Paradise is just a breezy 15-minute drive away, while the Pacific Highway is a mere five-minute journey.
This exclusive complex comprises 48 townhouses that are meticulously maintained and operated. Embracing a tranquil ambience, the amenities include a Pool, Tennis court, Barbecue area and ample visitor parking.
Despite its enviable Body Corporate Salary of $76,477, the caretaking duties are remarkably light and manageable. The current management has efficiently minimised garden upkeep, eliminating the hassle. With flexible hours and minimal administrative tasks, part-time personnel can effortlessly handle the workload while enjoying the accessible common areas. This means you can focus on enjoying your new home worry-free.
The manager's townhome is a tastefully renovated three-bedroom, two-bathroom townhouse featuring a spacious open-plan living, dining, and kitchen area. Additionally, it includes a generously sized attached office, which can quickly transform into a fourth bedroom and an outdoor space complemented by a covered patio and solar panels.
With a robust Body Corporate rapport, evidenced by recently renewed agreements and inclusive Gallery Vie, the new managers are poised for success from day one. This management rights opportunity is ideally suited for a semi-retired couple seeking a secure income stream and ample leisure time or a family desiring a secondary revenue stream and a comfortable homestead. Offering exceptional value, the asking price promises a lucrative return on investment that is rarely found elsewhere. Get ready to embark on a management right of unparalleled calibre.
More Information
- Total Purchase Price: $945,000
- Net Income: $ 87,536
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 710,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.7
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?