Great BC salary and NO requirement to live onsite.

Offers Between $1,835,000 - $1,885,000

Permanent management rights, Ashmore QLD

Very well maintained, gated and centrally located in close proximity to M1 access, Griffith University and the Gold Coast Hospital precinct, units in this complex are always in high demand. No requirement to live onsite, no set office hours. Setup allows for the business to be easily managed and monitored from anywhere.

Why is this business a must see?
Offsite living is available
Substantial body corporate salary
Long term stable business
Excellent systems and procedures in place
Excellent location

Call or email us for more details and an inspection.

More Information

Financial Overview

Total Purchase Price: Offers Between $1,835,000 - $1,885,000
Net Income: $ 257,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 420,000
_{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.}

Letting Business

Letting Pool: 62
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: TBC
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 127,000
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 24 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: The complex features a Resort Style Swimming Pool. Excellent choice of shopping, schools and sporting venues within easy access. Within 15 minutes to beaches and major shopping centres, 40 minutes to Gold Coast airport.

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 420,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 3

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: This 3 bedroom, 2 bathroom managers unit is spacious and the best unit in the estate with parking for 3 vehicles, along with a large private fenced courtyard. The managers office has separate access, a toilet, storage area and parking allowing the unit to be rented out separately. The manager has exclusive use of a large storage shed with almost all of the equipment supplied and maintained by the body corporate.