Chevron Island Multiplier 2.84 Permanent - ID 8147

Manager Lives Offsite

Permanent management rights, Surfers Paradise QLD

- Exceptional Low multiplier 2.84.
- No set office hours.
- Large body corporate salary of $60,035 + GST with CPI increased every year.
- Net profit exceeding $87,000.
- Additional Income: Managers unit currently rented at $18,000+ p.a.
- Manager does not live on-site.
- Low Maintenance: Premium street appeal with minimal gardens.
- All Permanent rentals with letting pool 15 of total units 33, outside agents 1, owner occupied 17.
- 25 years long-term agreement, with 20 years remaining.
- Spacious two-bedroom, two-bathroom 2 security car spaces residence beautifully appointed with a sunny balcony and super large private courtyard.
- Attached office on title with external entry.
- Best location in Gold Coast, close to everything.

Total $950,000 only (including 2 beds quality Managers Apartments).
Real Deal, Real Bargain, Real Opportunity, you cant afford to miss!
Call Bill He NOW to secure it.

Net Profit: $87,839
Asking Price: $950,000
(Inclusive of Manager's Real Estate)

More Information

Financial Overview

Total Purchase Price: Manager Lives Offsite
Net Income: $ 87,839 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 700,000
_{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: $ 60,035
_{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: 20 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 25 years
_{How long has the management rights existed.}

Office Hours: No set office hours
_{Required Office Hours}

Complex Features: Swimming pool, Spa, Sauna, BBQ and gym

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 700,000
_{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: Spacious and well appointed two bedroom apartments, two bathrooms, sunny balcony and large private courtyard which is perfect for outdoor entertaining, modern stylish interior with an open plan layout, designed for comfort and privacy while remaining conveniently close to the complex, two car spaces allocated to the residence, storage unit in the basement providing additional storage options, the residence is currently rented out for \\\\\\\\\\\$18,000 per annum.