Permanent Management Rights Currumbin Waters - ID 9207

$1,630,000

Permanent management rights, Currumbin Waters QLD

Management Rights Business Southern Gold Coast
Currumbin Waters Permanent Complex Long Agreements

Secure a solid lifestyle business with consistent income and minimal hours in one of the Gold Coasts most desirable residential locations.

- 70-lot townhouse and villa complex
- 23 units in the permanent letting pool
- Long term Accommodation module agreements with 18 years remaining
- Body Corporate salary exceeding $141,000
- Flexible work arrangements no set office hours
- Strong and stable complex with long-standing residents
- Spacious 3-bedroom Manager's residence
- Office attached and on title
- Perfect for a couple or family
- Located in the prime location of Currumbin Waters
- Excellent reputation, with current managers operating for over 17 years now wishing to sell

This is an ideal opportunity for those seeking a stable lifestyle income on the southern end of the Gold Coast.

Net Profit: $201,948
Asking Price: $1,630,000
(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Brokers
Phil Trimble & Gerard Dixon

More Information

Financial Overview

Total Purchase Price: $1,630,000
Net Income: $ 201,948 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 780,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.2
_{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.}

Letting Business

Letting Pool: 23
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 40
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 7
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 70
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 141,366
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 18 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: No set office hours
_{Required Office Hours}

Complex Features: Swimming pool, Full tennis court, Jetty boat ramp

Real Estate Component

Manager's Unit: 3 1

Included Real Estate: $ 780,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: 3 bedroom villa with attached office on title, One bathroom, Single car accommodation, Ideally located at the entrance of the complex.