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Stunning Lifestyle Permanent Management Rights Cleveland
Business $630,000 + Manager Residence On Valuation
Permanent management rights, Cleveland QLD
- Central in Cleveland
Raby Bay Harbour restaurants just a short stroll away, Cleveland CBD and train station is less than 5 minutes walk away
- Fantastic Body Corporate salary of $109,690, with annual increase by 3% or CPI, which is greater
- Very well run complex and well established and steady business, all procedures documented
- There are the least facilities in complex, no pool, no gym, no BBQ, no lift, easy to manage
- Small letting pool to give you an undisturbed lifestyle
- Stunning complex very popular with long tenants
- 23 years long agreements on contracts
- Large and Modern manager residence comprises three bedrooms, two bathrooms, three car spaces and large storage
- No office, be contactable during normal hours
- Ideal for a family or semi-retired couple looking for a solid income and great lifestyle
This is a rare opportunity to purchase such a beautiful lifestyle and permanent management right! Come and take a look, we are sure you will be impressed!
More Information
- Total Purchase Price: Business $630,000 + Manager Residence On Valuation
- Net Income: $ 131,316
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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?
David Jiang
Office : +61 4 55338...Mobile : 04815002780452 580 ...