BEAUTIFULLY PRESENTED PERMANENT MANAGEMENT RIGHTS - EXCELLENT 4-BEDROOM TOWNHOUSE
$1,195,000
Permanent management rights, Nerang QLD
We are pleased to offer this fantastic permanent management rights business and outstanding managers residence located in the leafy Gold Coast suburb of Nerang.
There are a total of 51 townhouses in the complex spread over the main complex of 40 and a small neighbouring complex of 11 townhouses, all being 3-bedrooms. Both complexes present beautifully with the main complex having a great pool area. Both complexes are gated.
The managers residence is an outstanding 4-bedroom townhouse with office attached. The residence has an excellent large open plan kitchen, dining & living downstairs which opens onto a large private backyard, this is a must to inspect.
With long agreements in place no set office hours and a very manageable work load for one person this is a great opportunity for buyers new to the industry.
- Long Agreements
- No set office hours
- Outstanding 4 bedroom managers residence
- Comfortable workload for single operator
- Net profit $125,000
Call now to book an inspection.
More Information
- Total Purchase Price: $1,195,000
- Net Income: $ 125,765
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 660,000
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?