$501,000 Net Profit, No Pool, No Garden - ID 9134
$3,871,135
Permanent management rights, Southport QLD
Permanent Management Rights for Sale
Unmatched Convenience and Premium, High-Quality Residence
- Extremely manageable business with no swimming pool or garden maintenance required.
- Minimal work and limited working hours, with no fixed office hours necessary.
- Flexibility for the manager to live offsite being contactable is sufficient, or a representative can be present onsite.
- Attractive body corporate salary of $150,783 plus GST.
- Consists of 81 permanent rentals in the pool, with 17 managed by outside agents.
- Secure a 25-year long-term agreement, with 24 years left.
- Substantial net operating profit of $501,796
- Offers modern, spacious apartments featuring 2 bedrooms, 2 bathrooms, 1 secure parking space, and a large balcony.
- Boasts beautiful views, a separate professional office space, and ample storage.
- Conveniently located close to restaurants, shops, a medical center, a major shopping center, public transport, reputable schools, and the beachall within walking distance.
- Modern, high-quality building providing a super convenient lifestyle and the potential for a high income.
- Total investment required is only $3,871,135, which includes a magnificent modern 2-bedroom managers unit.
This is the ideal blend of a premium Gold Coast lifestyle and a lucrative, easy-to-manage business. For those seeking a high income with minimal effort, this opportunity is not to be missed.
Net Profit: $501,796
Asking Price: $3,871,135
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $3,871,135
- Net Income: $ 501,796
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 760,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 6.2
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?