Central Gold Coast Lifestyle Living On Offer
Expressions of Interest
Permanent management rights, Carrara QLD
In this current environment of increasing interest rates and rising inflation, how can you keep your investments maintain the same pace? Smart investors, choose high-wage property management businesses, because the salary income for prime businesses rise in tandem with CPI every year.
At the same time you should, consider the location and environment in which these businesses exist, because they are scarce resources which ensure continuous appreciation in the future.
For location, location, location, you cannot pass up, this high-end property on the world-renowned Gold Coast. Famous surf breaks, stunning beaches, theme parks, shopping, nightlife, golf courses, and more only minutes from your doorstep in every direction.
This business is close to:
- Leading Schools Sommerset College, Kings College, Emmanuel college, All Saints Anglican, St Michaels, Benowa State High School
- Sports & Leisure Centres - Metricon Stadium, KDV sports (golf, tennis & gymnasium centre) Royal Pines Golf Course, Emerald Lakes Golf Course, Palm Meadows Golf Course, Southport-Carrara Netball Club and more right at your doorstop
- Transport - Nerang train station, the M1 for those who need to commute to work as well as two Gold Coast light rail stations, which connect you to Surfers Paradise, Griffith University, the Gold Coast University Hospital and the Brisbane train in Helensvale.
- Conveniently close - Kurrawa beach, Star Casino, Pacific Fair shopping centre, Robina Town Centre, Oasis Shopping Centre, Gold Coast Convention Centre, Oracle Retail and Dining Precinct and the glitter strip of Surfers Paradise.
This management right business includes:
- Solid business earning $242k net income, with 72% derived from the Body Corp remuneration of $173k,
- 25-year permanent Caretaking Agreement,
- Letting Agreement,
- 95 spacious villas and houses, in a well-maintained resort style atmosphere
- Harmonious community, with reasonable Body Corporate,
- Salary increases annually by CPI,
- Backed by a healthy sinking fund,
- Suitable for first time buyers or family seeking additional income.
- Onsite living is required, in the beautiful single storey three-bedroom manager's villa,
- There are no set office hours, so you can maintain a healthy work life balance.
The Gold Coast lifestyle and business and home can be yours for $2.198m (including $900k managers villa). Such a cost-effective management right business in the idyllic surrounds of the Gold Coast rarely appears and will snapped up quickly by astute investors, so please contact Alice Li immediately or your will miss this opportunity of a lifetime.
Disclaimer:
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracy or misstatements that may occur. Prospective purchases should make their own enquiries to verify the information contained herein,
More Information
- Total Purchase Price: Expressions of Interest
- Net Income: $ 242,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 900,000
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?