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Permanent Management Rights - Flexible Living Options Plus No Requirement to Reside Onsite
$1,908,000
Permanent management rights, Ashmore QLD
This central Gold Coast permanent management rights business is an outstanding opportunity for an incoming operator seeking a secure and profitable lifestyle investment.
Set within a secure gated townhouse complex, residents enjoy amenities including Pool, BBQ Area, Tennis Court.
* Strong Body Corporate Salary of over $109k + GST pa
* Supportive Body Corporate with recent topped up agreements to 23 years
* No Set Office Hours
The letting pool comprises of 31 townhouses in the letting pool (includes 3 outside lets).There is also genuine potential to grow the income by attracting additional rentals currently managed by outside agents within the complex.
The managers townhouse includes 3 bedrooms, 2 bathrooms, 2 car spaces, and an onsite office. Importantly, there is no obligation to reside onsite, allowing maximum flexibility. The property is currently leased at $800 per week, giving the incoming buyer the choice to either live onsite or enjoy additional rental income.
The business operates within a popular gated townhouse community, ideally located close to TAFE, transport, shopping centres, and parks. It is also positioned within the sought-after Benowa State High School catchment and only moments from Bellevue Park State School ensuring ongoing tenant demand and consistent occupancy.
This is a fantastic opportunity to acquire a well-established permanent management rights business with strong income, lifestyle flexibility, and growth potential.
Call Craig today to discuss this opportunity.
Net Profit: $220,089
Property Code: 91
More Information
- Total Purchase Price: $1,908,000
- Net Income: $ 220,089
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 810,000
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?