Wanted - Experienced Active Equity Managers Surfers Paradise
$880,000
Resort / Holiday management rights, Surfers Paradise QLD
A unique Management Rights opportunity presents for Experienced active equity managers to assume the day to day management of this Surfers Paradise high rise. This well-established Surfers Paradise property is located opposite the beach in central Surfers Paradise.
We are seeking experienced Live In managers with approximately $335k in equity (Approx. 30% share) to form the basis for a consortium purchase of this Management Rights investment. For this share a couple will see a return of approximately $150,000pa (this figure includes the managers salary and return on investment) for a managerial couple as well as FREE onsite accommodation.
The managers unit is a spacious two-bedroom, two-bathroom ground floor residence with an expansive courtyard.
This high-rise apartment complex features a range of fully self-contained airconditioned one and two-bedroom apartments, each boasting ocean views and private balconies. With limited outdoor gardens and offering amenities such as a Heated Outdoor Pool, Two Spas, BBQ Area, plus complimentary Underground Secure Parking this is the perfect beachside vacation spot!
With a supportive and active Body Corporate committee and a recent top up of agreements this is a fantastic opportunity to be part of owning a management rights business with minimal equity outlay.
Net: $150,000 *approx
Call me today to discuss this opportunity
More Information
- Total Purchase Price: $880,000
- Net Income: $ 150,000
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
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?