Proudly supported by all of the industry's leading brokers
New- Beautiful Permanent Central Gold Coast
$2,135,600
Permanent management rights, Central Gold Coast QLD
Management Rights for sale Permanent Gold Coast. A fantastic opportunity exists to purchase a large permanent Management Rights business in a central Gold Coast location. This townhouse complex has a solid Body Corporate remuneration of circa 190k with CPI increases. The letting pool has remained consistent for many years and the rents have significantly increased over the past 6 months. The manager's residence is a fully renovated freestanding home with 3 bedrooms and an office attached. This business is ideally suited to a couple that enjoy gardening and are hands on in day to day management. The current manager's have good processes and procedures in place for the next team to seamlessly takeover the business. This business could be managed by first time managers. Inspect today!
More Information
- Total Purchase Price: $2,135,600
- Net Income: $ 252,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 800,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.3
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?
Narelle Filmer Wayne Stoll
Office : 0452181...Mobile : 0459229744 or 0452181...