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Easy Run Permanent Management Rights
$1,675,000
Permanent management rights, Parrearra QLD
An exceptional opportunity to secure a low-workload management rights business in one of the Sunshine Coasts most desirable locations.
Over 90% of income is derived from the body corporate salary. The body corporate covers all gardening requirements, with the manager only responsible for the mowing of common areas. There are no set office hours and duties can be subcontracted making this an ideal business for a single operator.
The letting pool currently includes 4 long-term rentals generating over $12,000 p.a. with scope to grow the pool externally and increase income.
The managers residence is a highlight! A spacious 3 bed, 2 bath apartment with a separate office. Features include a large enclosed patio two secure car spaces and 67m of on-title storage. Storage rentals add approx. $8,000 p.a to the nett.
Key Highlights
Large BC salary
Body corporate pays all gardening services (only mowing required)
No set office hours
Spacious renovated managers unit
Agreements topped up last year with 23 years remaining
Supportive committee & community
More Information
- Total Purchase Price: $1,675,000
- Net Income: $ 153,816
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,000,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.4
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?