CONTRACT FALLEN OVER- GET IN NOW Absolute Beachfront !
$1,397,000
Resort / Holiday Management Rights, CURRUMBIN QLD
3.2 MULITPLIER - PRICED TO SELL - Live on Beautiful Currumbin beach, walk out and hop on the pathway to North and South Gold Coast. Great lifestyle and fitness opportunities...(or not) :-). Body Corporate have spent alot of $$ on resurfacing the pool and glass balustrade throughout. Fully renovated Managers apartment and renovated to perfection, a lot of $$ has been spent and its beautiful and beachy. 13 in the letting its a handy income of over 174K income. Office is unattached from unit so just that extra bit of privacy. Owners selling due to ill health. Just got another unit in the letting, so will add another 10K to the net (that you don't pay for :-).
Office is exclusive use.
Very much worth a look, please phone Kerrie Lush 93.
More Information
- Total Purchase Price: $1,397,000
- Net Income: $ 174,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 840,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.2
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?