Spectacular bayside MLR offers great lifestyle, income and premium unit | Resort Brokers ID : MR007924
$1,495,000
Permanent Management Rights, Cleveland QLD
ResortBrokers brings an exciting management rights business and associated real estate to market: Raby Bay Quays. The permanent complex is well-established and located right on the marina in the highly desired, beautiful bayside suburb of Raby Bay.
Incoming managers will get the best of both worlds, a solid business with a net income of $154,583, supported by a strong Body Corporate Salary of $127,759 per annum and the chance to live in one of the most stunning bayside communities. The MLR business comes with 25-year agreements, has no set office hours except to be contactable by phone during regular business hours.
Raby Bay Quays is one of the finest community-living waterfront villages in the Raby Bay area with its own private marina. The property comprises 56 apartments, many with waterfront positions, attracting a premium rental of up to $900 per week. The complex provides residents with superb on-site amenities such as a lap pool, sauna, gymnasium and barbecue area and the opportunity to moor your boat out front and explore Moreton Bay.
The managers unit is a premium three-bed, two-bath apartment, which makes the requirement to live on-site a luxury rather than an inconvenience. At an asking price of $875,000 it represents exceptional value.
- Marina position in highly sought-after bayside neighbourhood
- 19 years remaning on 25 year agreements
- Total of 56 apartments with 2-& 3-bedroom options
- 10 units in the letting pool
- $135,847 p.a Body Corporate Salary with annual CPI review
- No set office hours
- Spacious manager's unit of 3 bed, 2 bath
- Strong rental appeal - average $600 up to $900 for waterfront
- Great lifestyle opportunity in Raby Bay, close to amenities, shopping, cafe/restaurant precinct, public transport& top Queensland private schoools
- Inspections are by appointment only
Date updated: 28 Apr 2024 23:00:04
More Information
- Total Purchase Price: $1,495,000
- Net Income: $ 154,583
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 875,000
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?