West is Best... | Resort Brokers ID : MR008169
$1,500,000
Permanent Management Rights, Main Beach QLD
ResortBrokers presents the premier investment of Atlantis West, luxury management rights on the river of Paradise Waters, Gold Coast.
As the manager, enjoy the resort-style facilities, fully maintained gardens, lawns and pools. Netting a healthy operating profit of $163,928 from a consistent letting pool, that's anchored by your Body Corporate Salary of $145,711.
Secure this investment with a full 10-year agreement, a modern&spacious two-bedroom manager's residence that provides the blend of luxury, security and profitability in this tropical oasis.
- Experience riverfront living in the idyllic Paradise Gardens neighbourhood.
- Benefit from an appealing body corporate salary of $151,888.
- Modern, spacious two-bedroom, two-bathroom manager's residence.
- Meticulously maintained gardens, lawns and pools.
- Secure investment in a gated community with onsite security.
- Resort-style facilities including Pool, Spa, Sauna, Steamroom, Tennis Courts, Barbeque area, Function areas and Jetty.
- Secure investment with a full 10-year agreement and supportive body corporate.
- Walking distance to the patrolled Narrowneck Beach.
- Inspection by appointment only.
Date updated: 01 May 2024 01:00:04
More Information
- Total Purchase Price: $1,500,000
- Net Income: $ 163,298
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 900,000
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?