BUDERIM PERMANENT COMPLEX

$1,830,000

Permanent management rights, Buderim QLD

This rare permanent complex located in the thriving education precinct of Buderim/Sippy Downs has the perfect work/life balance. The Managers unit is a spacious free standing home with large private courtyard. The 69 townhouses were built in 3 stages starting in 2010 and the third stage completed in 2014. The townhouses are modern and well-appointed and the 0% vacancy rate is testament to that. Huge demand on the Sunshine Coast has seen significant increase to rents with demand for rentals still strong. With a full Real Estate License, you can enjoy additional income from sales commissions . The complex is leafy and has generous open space with all the hard work having been done. Great mix of owners and tenants. Can be run by one person.

More Information

Financial Overview

Total Purchase Price: $1,830,000
Net Income: $ 202,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 975,000
_{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: 22
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 42
_{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: 5
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 70
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 142,684
_{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: 20 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 14 years
_{How long has the management rights existed.}

Office Hours: none set
_{Required Office Hours}

Complex Features: Modern sought-after permanent complex close to Sunshine Coast University, Youi Insurer HQ, choice of several State and Private colleges, Coles Supermarket and medical and food outlets. Complex has pool, BBQ and established gardens. Office on title conveniently located at front of Managers house.

Real Estate Component

Manager's Unit: 4 2

Included Real Estate: $ 975,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

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: RARE - Managers unit is a large 4 bedroom modern freestanding house with large private courtyard. The house has polished hardwood floors throughout, three king-sized bedrooms and one double. Master bedroom has ensuite and large walk-in robe. All other bedrooms have large mirror-doored robes. The managers house also has two private verandah areas opening onto the private courtyard. There is a 2.5 space double lock up garage with loads of storage space.