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NEAR HALF A MILLION PROFIT - GOLD COAST
$3,450,000
Permanent Management Rights, COOMERA QLD
Two, similarly sized, and modern Gold Coast residential townhouse complexes, a mere 6km apart, offering a considerable net income of $481,000 p.a.
With almost 50% of the substantial net profit comprised of Body Corporate Salaries totalling $233,000 p.a. plus GST, this is a business worthy of serious consideration.
Attractive unexpired terms on each of the Management Rights Agreements of 23 and 24 years respectively also provide this exciting business package with a commendable platform for ongoing and profitable success.
The strata communities you will be managing have minimal communal area amenities, being a total of one swimming pool and a couple of BBQs.
As there is only one manager's residence to purchase within this business offering, the overall Return on Investment is extremely attractive. The 3-bedroom, 2-bathroom, 2 Garage townhouse is also very reasonably priced at $850,000.
You will love the quick access to the M1 highway for the convenient commute to Brisbane. Enjoy nearby Westfield Shopping Centre, railway station and Australia's best theme parks all at your doorstep.
Don't be late to the party. Reach out to Bobo Qi now!
More Information
- Total Purchase Price: $3,450,000
- Net Income: $ 481,466
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 850,000
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?