House with an income and potential!!
$1,015,000
Permanent management rights, Reedy Creek QLD
Within walking distance to three reputable private schools!!
POTENTIAL FOR A NEW 25 YEAR AGREEMENT.
A dated complex situated approximately a 4 minute drive to Robina Town Centre, Woolworths and IGA neighborhood center, fuel station and restaurants. A bus stop at the front of the complex with Varsity Lakes Rail approximately 1 kilometre away. Bond University and Burleigh Heads approximately a 6 kilometre drive, and a further short drive to Pacific Fair, Star Casino and Coolangatta airport. This complex being close to the M1 motorway allows for easy access to what the Gold Coast has to offer, and to the main arterial roads north to Brisbane and beyond, whilst also South of the Gold Coast.
A variety of opportunities on offer ideal as a bolt-on, entry to the industry, and there might even be potential for re-development or rooming accommodation rentals.
The managers house is approximately 634m2, as big as a single storey house. Generally very spacious and comprises 4 large double bedrooms, 2 bathrooms, with partial wraparound balconies, huge lounge with wood fired heater and air conditioning. The kitchen boasts a wide 900mm stainless steel LPG gas 5 burner cooktop stove and electric oven. The adjoining on title office has separate client entry with an undercover waiting area and ample adjoining visitor parking. A double lock up garage and dedicated hardstand car spaces in front of the garages, and a 160m2 fully fenced yard. Images reflect original state.
To arrange an inspection please call: Gavin - 08854 or email:
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
More Information
- Total Purchase Price: $1,015,000
- Net Income: $ 30,000
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 975,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 1.3
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?