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BEAUTIFUL TOWNHOUSE WITH CARETAKING INCOME
$783,000
Permanent Management Rights, SOUTHPORT QLD
If you want to purchase a property and settle down on the Gold Coast with the comfort of knowing you have stable income to repay your loan, this Caretaking Only Management Rights business will be perfect for you without interfering with your other commitments.
This quiet, tidy, compact and gated complex is only five years old, located in the prime suburb of Southport, close to schools, Australia Fair shopping centre, light rail station, Griffith University and Gold Coast Hospital.
No pool, nor BBQ are within the complex and therefore caretaking duties are minimal whilst receiving a handsome annual Body Corporate Salary of $22,789 plus GST, increasing by 5% per annum. You also have the luxury of not being tied down to set working hours in order to perform your duties.
The spacious, modern, well maintained manager's Townhouse features 3-bedrooms, 2-bathrooms, and double lockup garage. Ducted air-conditioned throughout and plenty of room for a growing family.
If this sounds good to you, contact me quickly for an inspection now!
More Information
- Total Purchase Price: $783,000
- Net Income: $ 22,789
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This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 710,000
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?