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Permanent in Popular Location
$1,695,000
Permanent management rights, Currumbin Waters QLD
Long-term owners now ready for retirement. This business has been under the same management since 2008 which is extremely rare, and presents a great opportunity for incoming purchasers to acquire this permanent townhouse/villa complex in a popular location close to both public and private schools, public transport, local cafes and restaurants, The Pines shopping centre and Currumbin Creek.
Accommodation module agreements expiring in 2043 with the bonus of no set hours in the agreements. There are 29 units in the on-site letting pool plus an additional 2 outside the complex resulting in a very manageable workload for a couple leaving free time for other activities. Facilities include swimming pool, full tennis court, childrens playground, access to a shared pontoon and ample parking for visitors.
The managers residence comprises a very well-presented single level villa featuring open-plan living with air conditioning. There are 3 good size bedrooms with the main bathroom featuring both bath and separate shower. Internal access garaging and a private courtyard for outdoor living are also on offer. The managers office is adjacent to the residence and has all the room you need to run this business.
If you are looking for a business offering stability of income, together with a very comfortable managers residence, and located in a sought-after letting location, this could be the one for you. This business represents great value and the vendors are genuine about selling, so make sure you put this on your list to inspect.
More Information
- Total Purchase Price: $1,695,000
- Net Income: $ 210,645
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
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?