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WATERFRONT LIFESTYLE TO BE ENVIED
$1,690,000
PermanentPermanent Management Rights, BUNDALL QLD
Prime waterfront permanent in Bundall ... the heart of the stunning Gold Coast!
Walk to HOTA, Chevron Island, Golf Club, easy access to the beach, TSS, St Hilda's and high and primary schools, cafs and restaurants and both local and major retail facilities abound.
Versatile rental pool 1, 2, 3 bedroom apartments and townhouses highly sought after by a captive market of quality tenants in surrounding office precincts.
Resort style pool, spa, residents recreation room and barbecues and two waterfront pontoons to drop a line or rest your boat. Heaven for the keen golfer, horse racing fan, fisherman or lover of the arts. Bus stop on the doorstep and popular caf next door, an added bonus.
This is a multi-featured business with 23 years to run on agreement, Body Corporate remuneration nudging $100k, superb separate office on title with no set hours, three secure car spaces and a huge workshop also on title.
Superior two-level Manager's three bedroom 231 sq.m. townhouse has northern aspect, an extra lounge upstairs, two bathrooms, powder room, walk in robe, high ceilings, aircon, balcony and courtyard on title and is pet friendly.
Choice option for the discerning buyer when only the best will do!
More Information
- Total Purchase Price: $1,690,000
- Net Income: $ 187,770
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 695,000
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?