Two Permanent Management Rights with long term agreements and no unit to buy! | Resort Brokers ID : MR008074
$875,000
Permanent Management Rights, Maroochydore QLD
An outstanding opportunity to purchase two management rights businesses in one line. The first property located in Yaroomba consists of 25 Townhouses in a gated complex adjacent to Palmer Coolum Golf Resort. The second consists of 40 townhouses which 20 are in the letting pool.
Both complex offer low maintenance caretaking and have 23 and 25 years respectively left on the agreements. There is no unit to buy, no requirement to live onsite and no fixed office hours. This is the perfect permanent management rights with tremendous upside to build the letting pool.
- Locale has a new 25-year agreement
- Serene has 23-years on agreements (caretaking only)
- No requirement to own a unit
- No fixed office hours
- Low maintenance grounds
- Near new complexes
- No requirement to live onsite
- 15 minutes drive between the complexes
- Inspection by appointment only
Date updated: 21 Apr 2024 23:00:07
More Information
- Total Purchase Price: $875,000
- Net Income: $ 170,616
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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?