Motivated Seller, Welcome all Offers Permanent Management Rights Featuring Dual Income Streams
$1,239,000
Permanent management rights, Upper Coomera QLD
Eager to embrace the work-from-home lifestyle?
Discover an enticing opportunity with permanent management rights, located in the vibrant community of Coomera. This thriving gated complex boasts 46 townhouses and an array of amenities, including a beautiful pool, a petite gymnasium, BBQ area and a communal recreation room.
A secondary income stream is derived from a portfolio of 22 external properties nestled within the nearby streets. Streamlined digital rent payments facilitate seamless management for both internal and external rentals.
The managers townhouse is a double storey featuring three bedrooms plus downstairs office, two bathrooms, and a generously proportioned open-plan kitchen and living area that seamlessly transitions to a charming outdoor patio and garden space. Not to mention, this residence boasts a trio of dedicated parking spaces for your convenience.
This prime location offers plenty of shopping options, including the nearby Coomera Westfield, proximity to renowned theme parks, a wide selection of private and public schools, and easy access to the M1 motorway, making it a sought after location for renters.
Plenty of upside to this business as it currently has 13 outside agents.
Seize this chance to explore the possibilities don't let it slip away.
Net Profit: $182,169
More Information
- Total Purchase Price: $1,239,000
- Net Income: $ 182,169
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 625,000
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?