High Return & Easy Work - 8840
$1,400,000
Permanent management rights, Surfers Paradise QLD
Mixed Letting Management Rights for Sale
Strong Bookings & Stable Business
- High Net profit exceeding $200,000
- Minimal garden work and limited hours required
- Mixed apartments with 11 units in the holiday letting pool and 11 permanent units
- 25-year long-term agreement, with 21 years remaining
- Body corporate salary is $67,500 plus GST, exhibiting continuous growth with CPI
- Efficient and straightforward operation with consistently high booking demand
- Manager's unit features 2 bedrooms, 1 bathroom, 1 security car park, and air conditioning
- Exclusive use of a professional office with a separate entrance
- Convenient location near the beach, shops, restaurants, and public transport, offering both centrality and tranquility
- Numerous storage options available, and the community is pet-friendly
- Experience a retired Gold Coast lifestyle while earning a lucrative income
- All this for a total price of $1,400,000, including the magnificent Manager's Unit.
High return and easy work.
To get this wonderful business, you must be quick.
Net Profit: $200,000
Asking Price: $1,400,000
(Inclusive of Manager's Real Estate)
More Information
- Total Purchase Price: $1,400,000
- Net Income: $ 200,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 600,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.0
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?