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NO NEED TO LIVE ONSITE
$930,000
Permanent Management Rights, SOUTHPORT QLD
What a great spot! With Broadwater and parkland frontage and a short stroll to Southport CBD this secure and appealing three storey apartment complex has much to offer and plenty of potential for income growth.
Formal approval to live off site, in Accommodation module with long Agreements and Gallery Vie provision.
No internal grass to mow, just a well-maintained minimal garden and a compact pool area.
The Manager's Office is on title with totally separate entry for ease of access.
Whilst all other units are one bedroom, the two bedroom fully renovated, currently rented, Manager's apartment can either provide a comfortable coastal lifestyle or additional income if desired. Alternatively, this is an ideal option as an additional Management Rights.
A single operator has successfully managed this thriving business for many years.
Inspection will impress!
More Information
- Total Purchase Price: $930,000
- Net Income: $ 94,125
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 450,000
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?