AMAZING VIEWS, GREAT BUSINESS, PERFECT LIFESTYLE
$1,848,000
Permanent management rights, Currumbin QLD
This mixed management rights complex is ideally located on Currumbin Point and boast fabulous panoramic views of the Gold Coast. Guests and residents enjoy clear uninterrupted views across Currumbin Creek out to the Pacific Ocean and beyond to the lights of Surfers Paradise.
The complex features 72 apartments, 26 in the letting pool, with a mix of permanent and holiday lets. The managers residence is a lovely renovated 3-bedroom apartment with huge wrap around balcony to take in the stunning ocean views. There is a large office attached and on-title and no set office hours in the agreements.
The business has a healthy Body Corporate salary that underpins a great net profit. This is a fantastic management rights complex in an outstanding location.
- Beautifully renovated 3-Bedroom residence
- Excellent Net Profit
- No set office hours in the Agreement
- Supportive BC
- Outstanding location
This complex is a must to inspect.
More Information
- Total Purchase Price: $1,848,000
- Net Income: $ 219,768
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 950,000
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?