Proudly supported by all of the industry's leading brokers
Lifestyle Business with Stable Income
$1,515,000
Permanent management rights, Burleigh Waters QLD
- Surrounded by Miami lake, located in the end of the road, the complex boasts a common pool surrounded by lush lawn area and manicured gardens. This is a wonderful opportunity to secure a relaxed lifestyle to live in or as a quality investment.
- Perfectly situated in close to the best of everything including the stunning North Burleigh esplanade of breathtaking white sand beaches, Burleigh Headland, Miami One Shopping Centre, Stocklands Shopping Centre, Miami Marketta, Organic Farmer's Markets, Pizzey Park sporting facilities, gourmet cafes, many highly revered local schools, lush parkland playgrounds and only 15 minutes to Gold Coast Airport!
- Very well run complex, all procedures documented
- Body Corporate very fantastic and supportive to work with
- A great manager remuneration $130,874 with annual adjustment of CPI
- Two bedrooms, one bathroom manager residences, with one carpark and large outdoor entertaining yard, without living on site requirement, rented at $610 weekly
- Spacious attached office on ground floor, no set office hours
- Located within the Caningeraba State School and Marymount College catchment area
This is a rare opportunity to purchase such a lifestyle permanent management right business! Come and take a look. We are sure you will be impressed!
More Information
- Total Purchase Price: $1,515,000
- Net Income: $ 183,280
(actual)
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?