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591

Management Rights
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Under ContractExclusive
  • management rights Gold Coast
  • management rights Gold Coast
  • management rights Gold Coast
  • management rights Gold Coast
  • Listing Photograph
  • Listing Photograph
  • Listing Photograph
  • Listing Photograph

Easy Permanent Business Close to Sea

$999,000

Permanent management rights, Labrador QLD

Total Asking for $999,000 including 2 beds/2baths Manager Residence
Net Income $113,913, Verified by Industry Specialist Accountant

Prime Location
The boutique building is just a short stroll to the Broadwater with lovely parks and walking trails, and the protected swimming area close to the Grand Hotel&Charis Seafood.

Well located in the heart of East Labrador, this complex is close to public transport, and just minutes from Harbour Town, Australia Fair, the Southport CBD, Griffith University and the new Hospital. This complex features a large in-ground pool, BBQ area, intercom access and secure underground parking.

Easy Caretaking Work
Low workload caretaking work, minimal gardens easy for one person

Great Remuneration
$81,600 annually with CPI adjustment every December

Great Manager Lot
The Managers unit is spacious and comfortable consisting of 2 bedroom, 2 bathrooms, modern kitchen, and open plan lounge cum dining area leading out to a large patio area.
On title office without set office hours

If you want to buy a solid management right business and undisturbed lifestyle, it ticks all your boxes, please book your inspection immediately.

More Information

Financial Overview

  • Total Purchase Price: $999,000
  • Net Income: $ 113,913 (actual)
    This is the combined total income acheived by the business after expenses, before tax.
  • Included Real Estate: $ 469,000
    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.

Letting Business

  • Letting Pool: 23
    Number of units the manager is authorised to manage.
  • Owner Occupiers: 0
    Number of units resided in by their owners.
  • Lock Ups: 0
    Number of units owners are not renting out, but also do not live in.
  • Outside Agents: 0
    Number of units being rented by other agents (these could potentially be acquired by the manager).
  • Units In Complex: TBC
    The total number of units within the complex.
  • Caretaking

  • Remuneration: $ 81,600
    This is the body corporate caretaker salary. It is included in the Net Income above.
  • Agreement Term: 25 years
    How long is the caretaking contract.
  • Agreement Remaining: 18 years
    How long remains on the caretaking contract before it must be renewed?
  • Agreement Age: 0 years
    How long has the management rights existed.
  • Office Hours: None
    Required Office Hours
  • Complex Features:
  • Real Estate Component

  • Manager's Unit:   2 2
  • Included Real Estate: $ 469,000
    The value of on-title property included with the business. Its price is included in the Total Purchase Price.
  • Manager's Car Spaces: 1
  • Office On Title: 1
    Is there a manager's office included on the title?
  • Pets: No
    Can the manager own a pet on site?
  • Unit Features:
  • Listing Agent Contact Details

    %2Fusers%2Flogo_7566474%2F1.jpg Click here to view full profile for: NEXT International Realty Pty Ltd

    Portrait

    David Jiang and Patrick Leou

    Office : +61 4 55338...
    Mobile : 0481500278 and 0403 265 ...

    NEXT International Realty Pty Ltd

    http://www.nextrealty.com.au


    Send an Email:

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    • Property ID: 21088136
    • Broker's Ref: R2-3148203
    • =7566474
    • Last Update: 4 months ago.
    • Listing Type: Permanent
    • Price: $999,000
    • Labrador, QLD

    Agent Details

    %2Fusers%2Flogo_7566474%2F1.jpg Click here to view full profile for: NEXT International Realty Pty Ltd

    Portrait

    David Jiang and Patrick Leou

    Office : +61 4 55338...
    Mobile : 0481500278 and 0403 265 ...

    NEXT International Realty Pty Ltd

    http://www.nextrealty.com.au


    Send an Email:


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