Desirable Location across the Road from the Beach!!

$3,113,000

Permanent management rights, Main Beach QLD

Permanent Elegant beachside complex offering excellent resort facilities and within close proximity to numerous fabulous beaches, schools, sports facilities, sports stadiums, Pacific Fair and Robina shopping centre, light rail station, easy access to the M1 and, of course, iconic Golf Courses.

Set amongst meticulously tended garden surrounds, this secure, well managed complex is in a convenient location offering superb facilities such as a swimming pool, spa, tennis court, gymnasium with adjoining recreational area and kitchenette, 2 BBQs, 2 saunas and 2 steam rooms. Images might not depict this complex.

This complex consists of highly supportive residents and committee, a lifestyle and a salary component close to 78% of the net profit. Definitely a managing rights property for the astute buyer.

Immaculately and stylish ground floor renovated 3 bedroom 2 bathroom managers apartment with high end fixtures and fittings. Large open plan lounge and dining area adjacent to the stunning fully equipped kitchen and leading out to a large secure, private and covered courtyard area with a private and separate entrance to the apartment. A renovated modern, spacious on-title office accessed from within the apartment allows for privacy from the apartment. Secure underground parking and ample storage.

To arrange an inspection call: Gavin - 08854 or email:

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

More Information

Financial Overview

Total Purchase Price: $3,113,000
Net Income: $ 367,200 ()
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,350,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.8
_{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: 15
_{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: 119
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 287,000
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 9 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: M-F: 9am to 3pm
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,350,000
_{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: Yes
_{Can the manager own a pet on site?}

Unit Features: