PERMANENT MANAGEMENT RIGHTS - TOWNSVILLE - ID 9083
Price Reduced
Permanent management rights, Townsville QLD
North Queensland Management Rights
No requirement to live onsite - No real estate to buy
- Guaranteed Body Corporate salary of $123,366 plus yearly increase of 3% or CPI whichever is higher
- Total of 55 apartments, letting pool as per enquiry
- Mix of 2 and 3 bedroom apartments
- Well maintained gardens and pool
- Exclusive Use office
- 99% occupancy all year round
- Supportive committee and owners
- 23 years remaining on agreements following recent top up
- Resort style pool and BBQ area, Wi-Fi and Cable TV
- 2006 build
- 50m from all shopping, medical services and short drive to airport
Offered by original owner operators. This great easy-to-run, low-maintenance, resort-style complex is located within the CBD on the water's edge. Can be managed by 1 person with some help.
The business offers multiple streams of income, a flexible work schedule, and the freedom of living off-site at your discretion. (Current managers live on site.) The lifestyle is yours to decide.
Enjoy Townsville with its tropical summers and superb outdoor lifestyle.
Total Income: $178,555
Asking Price: Contact Agent
More Information
- Total Purchase Price: Price Reduced
- Net Income: $ 0
(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?