Opportunity to acquire a prestigious complex in coastal suburb Runaway Bay | Resort Brokers ID : MRC008086
$1,200,000
Permanent Management Rights, Runaway Bay QLD
The exceptional opportunity to purchase the management rights to Les Colonnades, a prestigious residential complex located in the coastal suburb of Runaway Bay, QLD.
This opportunity offers a unique blend of lifestyle and income, with a generous body corporate salary of $119,304 inc GST underpinning a solid and reliable income stream.
Don't miss out on this exceptional opportunity to acquire the management rights to this prestigious complex and enjoy the lifestyle and income it offers.
- Fantasic revenue opportunity to be made, circa $130k inc gst.
- Harmonious working environment fostered by a supportive body corporate committee.
- Potential for income growth with the opportunity to expand from caretaking to letting.
- Manager's residence offering picturesque views of the Surfers Paradise skyline and Broadwater.
- Comprehensive amenities including a tennis court, gym, heated pool, library and billiards room, adding to the complex's appeal.
- Quiet permanent resident building ensuring a peaceful living environment.
- Unique feature of a marina berth right at your doorstep, providing potential for additional income.
- Exceptional lifestyle management rights opportunity, offering a unique blend of lifestyle and income.
- Inspection by appointment only.
Date updated: 05 May 2024 23:00:05
More Information
- Total Purchase Price: $1,200,000
- Net Income: $ 129,304
(projected)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
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?