Southport With Net $428,657 - ID 9114

Salary $331,375 Huge Income Growth Potential

Permanent management rights, Southport QLD

Permanent Management Rights for Sale
Salary $331,375 & Huge Income Growth Potential

- 77% of income derived from stable salaries of $331,375 plus GST
- High net operating profit of $428,657
- All permanent rentals with a very small letting pool of 30, plus 15 with outside agents
- Long-term 25-year agreement with 22 years remaining
- Significant additional income opportunities available, including strong sales commission potential
- Spacious, modern 3-bedroom apartment with 2 bathrooms, secure car space, and an expansive private courtyard
- Professional office with 3 large rooms, front desk, and ample storage
- Stylish, well-maintained modern building
- Exceptional location: shopping centre, restaurants, bars, pharmacy, medical centre, beach, park, and public transport all within walking distance
- Peaceful, high-quality building with first-class facilities
- Located within a highly regarded school catchment
- Low multiplier of only 4.66

Total selling price: only $3,500,000
(includes modern 3-bedroom apartment and professional offices).

Super-stable high income combined with luxury and convenience. Earn more and live your best.

Net Profit: $428,657
Asking Price: $3,500,000
(Inclusive 3-Bedroom Residential and Office Real Estate )

More Information

Financial Overview

Total Purchase Price: Salary $331,375 Huge Income Growth Potential
Net Income: $ 428,657 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,500,000
_{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.}

Letting Business

Letting Pool: TBC
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: TBC
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 331,375
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 22 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 20 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Swimming Pool, Spa, Sauna, BBQ, Library, Gym

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,500,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Expansive 3-bed, 2-bath residence with a secure parking space and a spacious courtyard. Attached is a professional office space with three rooms and ample storage.