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Large $126K Salary & Modern 3-Bed Residence
$1,638,000
Permanent management rights, Southport QLD
Permanent Management Rights for Sale
$163,861 Net Profit in a Magnificent Complex
-High net profit of $163,861 with no set office hours.
-Standard Module with a full 10-year agreement in place and a supportive committee.
-All permanent rentals with 16 units in the letting pool, plus 10 managed by outside agents and 1 lockup unit in a large complex. Excellent income upside -through increasing the letting pool and earning additional sales commission.
-Stable Body Corporate salary of $126,033 + GST, increasing annually with CPI. This makes up more than 76% of total income, offering strong financial security.
-Modern, stylish, and spacious managers residence featuring 3 bedrooms, 2 bathrooms, air conditioning, and 4 car spaces.
-Open plan living, kitchen, and dining areas, with a generous yard ideal for entertaining and ample storage.
-Rare opportunity to secure a high-quality, modern residence located away from the front gate in a safe, peaceful, and beautifully maintained complex.
-Resort-style environment in a quiet and attractive setting.
-Super convenient location - close to shops, schools, and transport.
-Asking just $1,638,000, including the magnificent modern 3-bedroom residence.
Net Profit: $163,861
Asking Price: $1,638,000
(Inclusive of Manager's Real Estate)
More Information
- Total Purchase Price: $1,638,000
- Net Income: $ 163,861
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 950,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.2
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?