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HALF A MILLION NET PROFIT - GROWTH AREA
$3,880,000
Permanent Management Rights, COOMERA QLD
An excellent opportunity presents itself to experienced buyers with this terrific Gold Coast Management Rights business.
Net Profit of $514,000 is made up of Body Corporate Salary totalling over $200,000.
A seasonably priced $880,000 townhouse is included in this business sale, which affords the Manager a 3-bedroom, 3-bathroom, double garage townhouse with office on title.
Consequently, the return on your overall investment is exceptional with the majority of your hard-earned capital working for you in the $3 Million business component.
Solid terms remain on the 25-year Accommodation Module Agreements, and this business has consistently demonstrated enviable profits since inception.
Coomera is a standout location with every convenience at your doorstep. The pipeline of demand from prospective tenants is massive and the suburb's continued growth is assured.
Contact Bobo Qi now to secure this business!
More Information
- Total Purchase Price: $3,880,000
- Net Income: $ 514,585
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 880,000
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?