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Highly Desirable - Off The Plan No Real Estate or Office To Purchase
Expressions Of Interest Closing 18th March 2022
Permanent management rights, Hope Island QLD
Introducing Delta Hope Island. This complex is situated on the Northern end of the Gold Coast, on the waterways of Hope Island. Just 15km to Southport and 63km to Brisbane CBD. The location is walking distance to Hope Island Town Centre and a short drive to Sanctuary Cove and Westfield Helensvale shopping centre. Public and Private schools, sporting facilities, public transport and motorway access are all within a short distance to the scheme. The lots comprise of 1, 3 & 4 bedroom architecturally designed townhomes, with a number of the lots positioned directly on the waterfront with marina berth access. The facilities include a pool, BBQ and recreational grassed areas. Accommodation module with 25 years in place from assignment. No Real Estate or Office is required to be purchased and the management can reside offsite. The majority of lots have been sold with only 8 lots remaining. Projected net profit of $260,000 based on a maximum of 39 lots in the letting pool. A clawback arrangement will be put in place. Settlement with be in stages with the 1st stage due for completion end 2022. This business is been sold as an 'xpressions Of Interest' campaign and is sure to attract a number of qualified parties.
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More Information
- Total Purchase Price: Expressions Of Interest Closing 18th March 2022
- Net Income: $ 260,000
(projected)
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
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?