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Super attractive Managers single level home

Offers over $550,000

Permanent management rights, Parkwood QLD

The home has been configured to suit managers needs and currently inspects as 2 bedrooms, study and office. Can revert to 3 plus on-site office if 3rd bedroom required as permanent bedroom.
There are 2 outdoor dining areas (winter and summer), and the home is very comfortable.
With just 8 in the letting pool and 22 in Complex, this is an easy management with no set office hours at all. Comfortable mix of owners and tenants.
Will be attractive to semi-retirees looking for top up income or a couple where one partner wishes to do other work from home.
By far the most comfortable Managers accommodation in it's price range.
More photos and information available, fiscal report can be emailed to genuine buyers, inspections by appointment.

More Information

Financial Overview

Total Purchase Price: Offers over $550,000
Net Income: $ 41,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 403,750
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.8
_{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: 8
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 12
_{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: 2
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 22
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 27,505
_{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: 17 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 19 years
_{How long has the management rights existed.}

Office Hours: none designated
_{Required Office Hours}

Complex Features: Security gated attractive small complex of just 22. 5 single level duplex Villa pairs and 6 x 2 level duplex townhouse pairs. CCTV, safe and secure and via new gate, approx. 600 metres walk to the new 1000 car, park and ride station for Light Rail to all Gold Coast attractions. 2 stops to Griffith University and GC Hospital or the other direction to Helensvale Train and Westfield Shopping. FANTASTIC LOCATION.

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 403,750
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 4

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: Managers no steps single level Villa home will delight. 3 beds and 2 bathrooms plus on title office and double width garage with additional parking for 3rd and 4th vehicle if needed. 2 additional outdoor dining areas have been added . . . this is lovely home for comfortable living.