Permanent, Long term agreements, great salary, ideal location | Resort Brokers ID : MR008116
Offers above $4.3 million
Permanent Management Rights, Southport QLD
Exceptional permanent business on the Gold Coast Broadwater. This business offers not only a stunning location, modern offices and body corporate contracted duties plus a secured and strong letting pool that generates an attractive $605,187 net profit.
This business offers long-term agreements over 22 years. A bonus to the long-term agreements is the minimal real estate investment with no requirement to live on-site.
Don't miss out on this incredible opportunity to work and earn in one of Gold Coast's most desired properties and picturesque locations.
- Prime location on the stunning Gold Coast North Broadwater.
- Long-term security with 22+ year agreements.
- Effortless upkeep with low maintenance lawn, garden and pool duties.
- Harmonious operation with a supportive body corporate.
- Flexible management with no onsite office hours.
- Highly desirable with luxury and high tenanted building.
- Generous remuneration with an attractive body corporate salary of $343,250.
- Inspection by appointment only.
Date updated: 28 Apr 2024 23:00:06
More Information
- Total Purchase Price: Offers above $4.3 million
- Net Income: $ 605,187
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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?