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Exclusive - High-Income Gated Complex in Prime Gold Coast Location
$2,600,000
Permanent management rights, Greater Gold Coast Region
Permanent Management Rights for Sale
$260K+ Salary, Long Agreements & No Office Hours - Minutes to Burleigh Beach
- Gated villa and townhouse complex.
- 99 units in the complex, with 20 in the letting pool.
- High Body Corporate salary of $260,842.
- Long agreements with over 17 years remaining.
- Facilities include a pool, spa, and BBQ area.
- Proactive Body Corporate and committee
- Trust accounting software: PropertyMe.
- Managers unit is a 3-bedroom townhouse with double lock-up garage.
- Large on-title office and reception attached.
- No set office hours Manager or their representative must reside in the Managers unit.
The complex is centrally located near Robina Hospital, Bond University, Robina Town Centre, the train station, schools, and the motorway - just a 5 to 10-minute drive to Burleigh Beach.
Net Profit: $315,090
Reduced Asking Price: $2,600,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $2,600,000
- Net Income: $ 315,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 920,000
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?