Highland Ridge: Your Gateway to Rewarding Management Rights in Manly West | Resort Brokers ID : MR007886
$976,000
Permanent Management Rights, MANLY WEST QLD
ResortBrokers is proud to present Highland Ridge A lifestyle-focused management rights opportunity in Manly West. This established 42-lot townhouse complex features a fantastic 3-bed, 2-bath townhouse, flowering gardens and flexible workspaces. With a growing body corporate salary (7% last year!) and a convenient 25-min commute to Brisbane City, this venture guarantees stable income and lifestyle flexibility. The lagoon pool, BBQ area and proximity to Moreton Bay enhance its allure. Enjoy a robust $86,642 body corporate salary and $103,000 net profit, coupled with a well-appointed residence, just 2 mins from Moreton Bay College, shops and enviable bayside living!
- Spacious manager’s residence 3 bed, 2 bath, 1 garage plus car spot and huge entertainerspatio& garden
- Desirable location -waiting list for rentals!
- Strong Body Corporate Salary ($86k) -with annual increases (7% last year!)
- Beautiful, community minded complex with pool and bbq area close to schools, shopsand bayside amenities
- Two sheds onsite for maintenanceequipment including ride on mower
- No office hours -flexible working conditions
- Large office with separate entrance and partitioning
- Property inspections are by appointment only
Date updated: 21 Apr 2024 23:00:04
More Information
- Total Purchase Price: $976,000
- Net Income: $ 103,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 580,000
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?