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SIDE-BY-SIDE PERMANENT COMPLEX WITH PLENTY OF POTENTIAL! ID 8207
$850,000
Permanent management rights, Southport QLD
Permanent Management Rights for Sale
No Requirement To Live Onsite, No Licence Required
- No set office hours
- Ample storage space
- Manager's residence rented at $600 per week
- Multiple only 2.43
- Low workload
- Supportive Body Corporate
- Rental units available for any one with a licence
- Easily run by a single person
- Office on title
An exciting investment opportunity awaits with side-by-side permanent management rights in the highly desirable Southport. These modern, well-maintained complexes offer strong net profits, plenty of potential and best of all, flexibility.
Net Profit: $65,966
Asking Price: $850,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $850,000
- Net Income: $ 65,966
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 690,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.4
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?