Dream Home! High Remuneration!
$3,100,000
Permanent management rights, Labrador QLD
- Location! Location! Location! Beach front building and within walking distance for cafe, restaurant, and park.
- Less than 5 minutes to the Harbour Town Shopping Centre.
- Image wake up by beautiful beach front view every morning and live in a large 3 bedroom 3 bathroom villa, that will be the dream home for semi-retire.
- Permanent letting with solid and high body corporate remuneration for nearly $270,000, it weighted over 80% of the total net income to bring the stability of the business.
- Manager acts as a supervise role and body corporate paid for all the garden maintenance.
- Great and harmony body corporate relationship.
This is the business is the great example to combine the manager's lifestyle and income. Don't miss the chance for this great opportunity. Call Celine for further information or book your inspection.
More Information
- Total Purchase Price: $3,100,000
- Net Income: $ 331,590
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,200,000
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?