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SIMPLE TO RUN - BIG ON LIFESTYLE!
$1,150,000
Permanent Management Rights, HIGHLAND PARK QLD
Seize this fantastic residential Gold Coast Management Rights opportunity now.
Enjoy the lifestyle in a peaceful, forest-like setting within the ever-popular suburb of Highland Park, just minutes from the M1 and top schools.
Boasting a net income of $129,000, this 53-unit complex (16 in the letting pool) is well-run with a supportive committee and long agreements. A 20-year term remains with a Body Corporate Salary of $104,000 p.a. for security and peace of mind.
The business is easy to manage with no set office hours, giving you maximum flexibility. The spacious 3-bedroom manager's unit offers 1 bathroom, 2 extra toilets, double garage, and modern upgrades including a new balcony, solar panels, and air conditioning. Enjoy a strong reputation, established income, and a perfect balance of lifestyle and business.
Contact us today for more details or to arrange an inspection!
More Information
- Total Purchase Price: $1,150,000
- Net Income: $ 129,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 700,000
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?