Exclusive Permanent Complex Priced to Sell - ID 8718
$780,000
Permanent management rights, Urangan QLD
Permanent Management Rights For Sale
800m to the Waterfront In Picturesque Hervey Bay
Motivated Vendors Have Priced to Sell
- Beautiful Permanent Complex adjacent to Botanical Gardens
- 17 in the letting pool (inclusive of 2 outside lets) 45 total townhouses in the complex
- Stand-alone 3 bed, 2 bath managers townhouse with good storage options. 4 car accommodation + boat & trailer storage space
- 19 years lease remaining on the agreement with proactive Body Corporate.
- Waterfront, restaurants, tavern, shopping centre all within 800m
- Onsite pool and easy to maintain gardens
- Close to schools and other amenities
The best buy on offer in Hervey Bay. Owners have priced these management rights to sell, so do not delay.
Here is your chance to live and work close to the waterfront, in a tropical paradise which is ideal for boating, fishing, swimming, and exploring the natural wonders of K'gari.
This city is experiencing high growth with excellent medical facilities, food, education, and sporting options. Suited to a range of buyers from empty nesters to a family or the semi-retired. Your weekly workload is approx. 20-25 hours, leaving you ample time to undertake other pursuits.
Quality permanent complexes with this lifestyle and income are hard to find in a location like this! Call now to arrange an inspection.
Net Profit: $93,174
Asking Price: $780,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $780,000
- Net Income: $ 93,174
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 530,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.7
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?