WHAT A BUILDING - WHAT A LOCATION - ID 8189
$3,100,000
Permanent management rights, Labrador QLD
Management Rights For Sale
Permanent Letting on the Broadwater
- Remarkable business opportunity in an enviable location
- Positioned along the spectacular Gold Coast Broadwater
- The complex boasts resort style facilities
- Unparalled convenience for both residents and guests
- The Body Corporate maintains the landscaped gardens
- Common areas are maintained by the manager
- Large portion of the income is derived from the Body Corporate salary
- Large office on title with minimal office hours
- Long agreements
- Enjoy captivating views from the three bedroom manager's residence
A unique opportunity to purchase a management rights business dealing only with long term rentals no holiday letting. This opportunity is more than just a business it's a lifestyle enriched by the spectaular surroundings, elegant amenities and secure financial prospects, suitable for either the experienced operator or those new to the management rights industry.
You now have the chance to immerse yourself in this flourishing industry while enjoying the benefits of the waterside manager's residence.
Net Profit: $342,924
Asking Price: $3,100,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $3,100,000
- Net Income: $ 342,924
(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: 5.5
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?