Solid net profit with strong upside potential on the Bayside! | Resort Brokers ID : MR008210
$1,395,000
Permanent Management Rights, Thorneside QLD
Nestled minutes from the waterfront, this permanent management rights opportunity offers a thriving business and lifestyle balance for a single operator or management couple.
Comprising 104 units, mainly two and three-bedroom townhouses, and a manageable 20 letting appointments in the onsite pool. A strong body corporate salary of $161,375 adds stability, combined with a recent top-up of the caretaking and letting agreements by the supportive body corporate.
With streamlined operational systems in place, the transition for the new owner is seamless, allowing immediate enjoyment of the solid performing business in this picturesque bayside locale.
Don't miss out on this coastal lifestyle opportunity with huge upside potential.
Contact Jeff today on 9 007.
- Prime Bayside complex with strong ROI
- Solid $161,375 BC salary - Over 80% of total income
- Flexible lifestyle with no set office hours
- Recent top-up to full 10 year term - Standard module agreements
- Managers residence: three bedrooms, two bathrooms, office - $550,000
- Catchment area for top Queensland private schools
- Desirable bayside location near waterfront, cafes, transport
- Inspections by appointment only
Date updated: 01 May 2024 01:00:05
More Information
- Total Purchase Price: $1,395,000
- Net Income: $ 196,658
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 550,000
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?