640

Management Rights
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Investment Property
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IMPRESSIVE PERMANENT

$1,690,000

Permanent management rights, Pacific Pines QLD

I am delighted to present for your inspection this outstanding permanent complex in a very sought after Gold Coast location.
Just a few minutes drive to the M1 motorway, tram and train stations. Westfield Shopping Centre is close by and lots of green parks surround the complex.
Harbour Town Shopping Centre and the Broadwater are all within 15 minutes drive. It is approx. 40 minutes drive to Brisbane.

If you are considering a life-style change this Management Rights complex is ideal. A spacious and beautiful home plus a great business with high salary.

For further details please contact the Agent anytime.

More Information

Financial Overview

Total Purchase Price: $1,690,000
Net Income: $ 210,080 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 795,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.3
_{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: 31
_{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: $ 110,026
_{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: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 13 years
_{How long has the management rights existed.}

Office Hours: Nil
_{Required Office Hours}

Complex Features: This complex has bbq facilities.

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 795,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

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: ONE OF THE VERY BEST!!! This pristine and spacious townhouse is superbly decorated to appeal to the most fastidious buyer. Beautifully decorated in cool white with new carpets and gourmet kitchen this Hamptons style managers home is a delight to inspect. It also features a huge backyard with terrace and large lawn area, ideal for lounging on sunny days.Attached office and reception are on title.