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Southport Permanent Management Rights for Sale Gold Coast
$1,264,000
Permanent management rights, Southport QLD
Gold Coast Management Rights for Sale Southport
No Office Hours, contactable
Management Rights Gold Coast Southport. High Body Corporate remuneration represents more than 95% of the income. CPI.
Brand new agreement of 25 yrs agreed to in Jul 23.
CPI increase due in July 25
There is potential to improve the income by regaining some of the apartments in the hands of outside agents (with approximate 40 outside agents)
The current manager sells apartments in building so this is another avenue to increase income (not counted in Profit and Loss)
Current management employs a manager to live onsite.
2 Bedroom Air Conditioned Apartment with 1 bathroom
Southport (approximately 6 kilometres from Surfer Paradise) is known for its Parks and recreation within walking distance to the Broadwater and its entertainment events.
Public transport, walk to Light Rail
Medical facilities Private and Public
Schools: Primary, Secondary Private and University
For more information call the Agent
@managementrightsforsalegoldcoast
#managementrightsforsalegoldcoast
More Information
- Total Purchase Price: $1,264,000
- Net Income: $ 140,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 550,000
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?