Permanent Management Rights - Northern Gold Coast
$1,617,650
Permanent management rights, Oxenford QLD
Achieve an exceptional work-life balance while overseeing the management of this permanent residential complex located on the beautiful Northern Gold Coast.
This straightforward and hassle-free complex does not include amenities like a pool, tennis court, or BBQ facilities, which means you won't have to deal with the maintenance of these extras.
What sets this opportunity apart is the substantial Body Corporate income, offering you a high salary for managing landscaping and lawn care.
Ideally suited to a duo team whereby one looks after the external gardens whilst the other looks after the office administration. This is currently run under management and the existing managers would be happy to continue the current arrangement and or become equity investors in conjunction with a new purchaser.
With flexible working hours and the added benefit of a spacious three-bedroom, two-bathroom freestanding home, this business venture provides the perfect blend of work and personal life. It allows you to attain the balance you desire while enjoying a remarkable income.
* Close to M1, Theme Parks, Schools and Shopping Centres
* Very High Body Corporate Salary
* 3 Bedroom + 2 Bathroom Freestanding Home + 3 Parking Spaces
* Contactable by Phone
* Plenty of opportunity to grow the business further
Net Profit: $232,098
More Information
- Total Purchase Price: $1,617,650
- Net Income: $ 232,098
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 550,000
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?