Beachside Permanent Ticks All The Boxes!
$2,850,000
Permanent management rights, Mermaid Waters QLD
- 76 townhouses located in Mermaid Waters
- Opposite vibrant Nobbys Beach with plenty of cafes, bars, restaurants, shops and a short walk to the patrolled beach
- 30 Permanent Rentals
- Stunning 4-bedroom residence that is one of the best manager's residences you will find
- Large office attached and on title
- Accommodation module 20 years remaining
- Solid Body Corporate remuneration with CPI increases annually in May
- For the handy operator there is plenty of opportunity to increase net through maintenance and extra Body Corporate work.
- Current net profit $293,000
- Asking price $2,850,000
More Information
- Total Purchase Price: $2,850,000
- Net Income: $ 293,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,200,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.6
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?