Permanent by the Park
$1,295,000
Permanent management rights, Nerang QLD
A fantastic opportunity awaits the incoming buyer to secure a solid business with a very stable income and a
more than comfortable managers residence featuring 3 double bedrooms, 2 bathrooms, upstairs balcony with
views to the river, 2 separate living areas and a large attached office. With a double garage and a private
backyard, the managers residence ticks all the boxes.
The current managers have been there for 11 years and are now looking to move back to New Zealand. Set
within picturesque grounds, this complex has been well maintained and offers a generous Body Corporate salary, a
manageable workload, large attached office, no set office hours, and a pro-active Committee.
Nerang is a popular letting location with very high demand. The complex is situated adjacent to Riverside parklands and is
handy to the M1, and an easy walk to local schools, shopping and supermarket. Public transport including the train to Brisbane
and tram to Broadbeach are within a short drive and Surfers Paradise and Broadbeach are just 15 minutes away by car.
This business is priced well, represents great buying at a multiplier of 3.75 and would suit both an experienced operator or
someone new to the industry. Sellers are very genuine about selling so organise your inspection now.
More Information
- Total Purchase Price: $1,295,000
- Net Income: $ 180,207
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 630,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.7
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?