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Permanent Management Right for Sale-Gold Coast Southport
Contact Agent
Permanent management rights, Southport QLD
Business snapshot:
Net income $283,122 (actual)
Remuneration: $206,308 excluding GST
Letting Pool: 34
Agreement term: 25 years, 22+ years remaining.
Multiplier is at 5.2 time of the net income.
High body corporate salary with CPI increasing every year.
Very supportive Committee.
All tools and materials (including fuel) are provided by BC.
No office hours.
Managers unit
Generose-sized 3 bedrooms townhouse at the market price $625,000
Newly renovated bathroom, modern kitchen with plenty storage and engineer-stone bench top
Vinyl floor throughout the downstairs living area. quality carpets are upstairs.
Great location in walking distance (3-5 minutes) to Griffith Uni, GC hospital and public transport. Easy to rent the spared bedrooms to Griffith students ($280-300/per room)
Asking price including Estate: $2,021,500
More Information
- Total Purchase Price: Contact Agent
- Net Income: $ 268,557
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 625,000
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?