Stunning Permanent Complex Backed by a Strong Body Corporate Salary - ID 9133
$1,510,000
Permanent management rights, Southport QLD
Permanent Management Rights for Sale
This stunning permanent management right offers both lifestyle and a strong and stable business. The managers residence boasts comfortable and private living, with pools, recreational areas, and a tennis court to complement the lifestyle. The business is strong with a $150k+ net profit and is backed by a stable and growing body corporate salary of 121K + GST (increases annually with CPI), with the opportunity to increase it further.
The complex is centrally located and only a short trip from some of Gold Coasts best beaches, shopping centres, amusement parks and prestigious schools.
- A stunning and secure resort-style complex
- Strong and stable income of over $150k with a high body corporate salary ($121K +GST)
- No set office hours and duties are manageable by an individual.
- Ideal for newcomers and industry experts alike
- The great managers residence is located away from the main road and gate at the end of a cul-de-sac.
- Plenty of storage
- Opportunity to develop the letting pool (9 units rented externally)
- Additional income opportunities with internal sales and maintenance
Net Profit: $151,501
Asking Price: $1,510,000
(Inclusive of manager's real estate priced at $850,000)
More Information
- Total Purchase Price: $1,510,000
- Net Income: $ 151,501
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 850,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.4
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?