PERMANENT BY THE PARK
$1,250,000
Permanent management rights, Pacific Pines QLD
Security gated permanent complex only 14 years old located in a high demand and affordable rental location. Close to local shopping, schools, public transport, parks and very convenient to the M1, theme parks, railway station, light rail and Westfield Helensvale.
Stand-alone manager's residence comprising 4 bedrooms, 2.5 bathrooms, open-plan living areas, separate office, double garage with additional parking for another 2 vehicles and private outdoor living area. This home is ideal for family living or someone requiring a very spacious residence.
There are 22 units in the letting pool plus another 3 outside rentals on offer. With no set office hours and a very manageable workload, this business would suit first-timers to the industry or those looking to downsize from a larger complex.
If this meets your criteria, don't hesitate. Call now to organise your inspection.
More Information
- Total Purchase Price: $1,250,000
- Net Income: $ 131,635
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 685,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.3
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?