PERMANENT LETTING IN PACIFIC PINES - ID 9096
$1,250,000
Permanent management rights, Pacific Pines QLD
Management Rights For Sale
Large 4 Bedroom Manager's Residence
- Quiet area near large reserve
- Easy access to schools, shops and public transport
- Located on the northern end of the Gold Coast
- Secure, gated complex
- Growth potential for handyman, current manager outsources all maintenance
- Long agreements, recently topped up
- No set hours in agreements
This is an ideal starter business for anyone entering the management rights industry. The spacious 4 bedroom residence has an enclosed rear yard suitable for both pets and young children. The agreements have recently been extended to 2044, offering security of tenure for many years to come. The business is located in a quiet area, close to just about everything. A great place to raise a family and a great place to work.
Net Profit: $131,635
Asking Price: $1,250,000
(Inclusive of manager's real estate)
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?