High Salary $472,163 + GST With Supervisory Role - ID 8532 - ID 8532

Luxury High End Apartments in Surfers Paradise

Permanent management rights, Surfers Paradise QLD

Permanent Management Rights for Sale
Luxury 3 Bedroom High End Apartment in Surfers Paradise

- All garden & outdoor pool maintenance paid by Body Corporate
- All internal cleaning costs excluded from net profit
- 24-hour security services separately covered by Body Corporate
- Supervisory role for the manager with a premier management agreement
- High, stable Body Corporate salary of $472,163 plus GST, with annual CPI increases
- Exceptional net profit: $439,943
- 10 year agreement with 9 years remaining
- Significant income upside potential through sales commission opportunities
- All permanent rentals with a letting pool of 13 in a renowned prestige building
- Spacious, modern luxury manager's apartment featuring 3 bedrooms, 2 bathrooms, secure car accommodation, air-conditioning, and a large private courtyard
- Expansive living areas with quality furnishings, plus 3 professional offices all on title

Located in a peaceful and highly sought after pocket of Surfers Paradise. First class, high end luxury building. Close to shops, restaurants, medical centres, pharmacy, public transport & schools - everything at your doorstep. Extremely convenient lifestyle location.

Only $3,869,000 including a stunning 3-bedroom managers luxury apartment

First-class living. Top-tier business. Rock-solid income.
Secure it today opportunities like this wont come again for decades.

Net Profit: $439,943
Asking Price: $3,869,686
(Inclusive of Managers Real Estate)

More Information

Financial Overview

Total Purchase Price: Luxury High End Apartments in Surfers Paradise
Net Income: $ 439,943 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,750,000
_{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: $ 472,163
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 10 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 34 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: Swimming Pool, BBQ, Full Tennis Court, Spa, Sauna, Gym

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,750,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

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

Pets: No
_{Can the manager own a pet on site?}

Unit Features: Prestige high-quality modern apartment featuring 3 bedrooms, 2 bathrooms, and 2 car spaces.