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3.81 Low Multiplier & Stable High Income - ID 9171
Spacious Free-Standing House
Permanent management rights, Elanora QLD
- Low multiplier of only 3.81 for a Permanent Management Rights business on the Gold Coast.
- Strong net profit of $127,111, supported by a high Body Corporate Salary of $113,989 plus GST, which makes up 84% of total income, with CPI increases annually.
- No set office hours and easy caretaking duties, offering flexible, reduced hours.
-Ideal for someone seeking a second income at their own pace or in their spare time.
- Long 20-year agreement with 16 years remaining.
- All permanent rentals with a small rental pool of only 8, offering potential for income growth.
- Rare free-standing manager's residence with 3 bedrooms, 2 bathrooms, and 2-car accommodation plus an additional car space.
- Includes a balcony, spacious courtyard, and a large, exclusive managers office on the title.
- Situated in a quiet and beautiful environment.
- Total asking price: $1,384,000 (including the large 3-bedroom house).
Looking for spacious living with a secure income?
Look no furtherthis is an opportunity you cant afford to miss!
Net Profit: $127,111
Asking Price: $1,384,000
(Inclusive of Managers Real Estate)
More Information
- Total Purchase Price: Spacious Free-Standing House
- Net Income: $ 127,111
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 899,000
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?