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GREAT LOCATION - SOUND BUSINESS
$1,348,000
Permanent Management Rights, RUNAWAY BAY QLD
Nestled within the sought-after coastal suburb of Runaway Bay, this Gold Coast Management Rights business has plenty to offer.
Offering a mix of townhouses and apartments this wonderful residential community is a pleasure to work and live within. Resort style pool, gym & BBQ facilities all onsite.
With a supportive committee, an excellent body corporate salary of over $88,000, no set office hours and a low maintenance complex the incoming manager of this business will be very satisfied. Secure income with the onsite manager's salary representing 70% of total net profit. Further confidence is provided knowing that Management Agreements have a term of 24 years to run!
This quiet oasis in Runaway Bay is a stroll away from the fabulous Harbour Town shopping, cafes and restaurants. Or take a quick drive to Runaway Bay Shopping Village, boating and marina facilities, the lively Broadwater precinct, Griffith University, Westfield Shopping Centre, Gold Coast University Hospital and Helensvale Train Station.
Enjoy the spacious onsite manager's townhouse, featuring large courtyard, three decent size bedrooms, 2.5 bathrooms, double lock up garage and office with separate entry.
Don't wait. Contact me now to secure this sound business opportunity!
More Information
- Total Purchase Price: $1,348,000
- Net Income: $ 124,856
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 858,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
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?