Proudly supported by all of the industry's leading brokers
EXCEPTIONAL MANAGEMENT RIGHTS OPPORTUNITY
$1,445,000
Permanent Management Rights, HELENSVALE QLD
An outstanding, easy-to-manage residential Management Rights business in one of Helensvale's most convenient and fastest growing locations.
The business delivers strong financial performance with 14 units in the letting pool and a total net profit exceeding $150,000 p.a. The Body Corporate salary of $119,966, indexed annually to CPI, provides secure, long-term income. The new manager also could earn additional income by offering backyard gardening and handyman services.
Body Corporate Committee are very cooperative and supportive with the current manager successfully topping up management agreements twice in the last four years.
The community enjoys high-quality tenants and supportive residents, making day-to-day management smooth and straightforward.
On-site Manager resides in a well-maintained 3-bedroom house which features 2-bathrooms, 4-car spaces and office on title. The complex boasts resort-style facilities, including a tropical swimming pool area for residents to enjoy.
Positioned close to the M1 motorway, Hope Island train station, quality schools, major shopping centres, including Westfield. Near excellent medical and hospital facilities, and Australia's best theme parks, this complex offers unbeatable lifestyle and investment appeal.
This is an ideal opportunity for newcomers or experienced operators seeking a secure well-supported, high-performing and highly desirable Gold Coast Management Rights business in a prime location.
More Information
- Total Purchase Price: $1,445,000
- Net Income: $ 156,132
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 790,000
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?