MANAGEMENT RIGHTS DREAM BUSINESS WITH OVER $156K NET PROFIT&ROOM TO GROW
$1,487,000
Permanent Management Rights, UPPER COOMERA QLD
Permanent Management Rights, Upper Coomera QLD
RAAS presents an opportunity to secure a coveted management and letting rights business in Upper Coomera.
This complex is ideally positioned to capture sweeping views and access the very best of the Northern GC lifestyle.
This lucrative business investment offers a net profit of over $156K, gives incoming managers flexibility with no set hours and provides a well-planned, stylish manager's freehold lot with studio, offices, carpark and storage to successfully operate the business.
Comprises a total of 48 Townhomes
Verified net profit of $156,519, based on 28 units in the letting pool
BC salary of $100,397
Freehold studio, office, carpark and storage space for manager use - $895,000
No set office hours, manager is required to reside on-site
Facilities include pool& spa, gymnasium, barbecue area and function room
More Information
- Total Purchase Price: $1,487,000
- Net Income: $ 156,519
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 895,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.8
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?