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NO REAL ESTATE TO BUY - PRIME LOCATION!
$420,000
Permanent Management Rights, HOPE ISLAND QLD
An exceptional opportunity awaits to secure the management rights to a modern, two-year-old residential townhouse complex in the heart of Hope Island. One of the Gold Coast's most desirable lifestyle destinations.
Key Features:
No Manager's Unit to Buy - Keep your capital free.
Outstanding Location - Enjoy all that Hope Island has to offer, including golf courses and marina. Residents enjoy the stroll to the Hope Island Marketplace, offering a range of superb dining options and local shops.
Modern, Low-Maintenance Residential Complex - Only 2 years old, offering hassle-free management with modest communal facilities.
High-Quality Residents - Professional, long-term tenants assist in smoothing day-to-day operations.
Consistent, Reliable Income - Steady income stream with 95% of Net Income derived from Body Corporate Salary of $116,000 p.a. plus GST. Increasing yearly by the higher of either CPI or 3%.
This is the perfect opportunity for someone looking to step into management rights - or an
excellent addition to an existing portfolio.
Enquire now by contacting Selina Zhong for a confidential discussion and full information pack.
More Information
- Total Purchase Price: $420,000
- Net Income: $ 122,123
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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