Exclusive - No Requirement to Live Onsite & Extra Rental Income
$1,063,000
Permanent management rights, Upper Coomera QLD
Permanent Management Rights for Sale
No Facilities, Less Lawn Care, Ultimate Ease
- No requirement to live onsite and no set office hours.
- Extra rental potential: Opportunity to add your unit to the rental pool, potentially earning an EXTRA $30,000 to $40,000 per year.
- No swimming pool, no BBQ area, and no gate maintenance required.
- Minimal lawn maintenance required due to very small patches of grass.
- Net operating profit is over $95,000.
- Body corporate salary of $53,701 plus GST.
- Total income potential estimated around $130,000.
- All rentals are permanent, with a letting pool of 19 units.
- 25-year long-term agreement in place, with 22 years remaining.
- A very friendly and cooperative body corporate committee.
- Modern, spacious townhouse featuring 3 bedrooms, 2 bathrooms, and 2 garages.
- Includes a large professional office with two rooms and separate entrances, on title.
- Very low body corporate levies.
Offered at an extremely reasonable price of $1,063,000, which includes the magnificent 3-bedroom managers townhouse.
This unmatched opportunity is one you won't find a second of on the market at the moment. Seize it now, or face decades of regret.
Net Profit: $95,391
Asking Price: $1,063,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $1,063,000
- Net Income: $ 95,391
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 685,000
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?