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Secure Income & Easy Management in Prime Surfers Paradise
$1,862,000
Permanent management rights, Surfers Paradise QLD
An outstanding opportunity awaits with this highly profitable permanent management rights business located in the heart of Surfers Paradise. Offering exceptional income stability and minimal workload, this is a perfect venture for those seeking strong returns without the stress of holiday letting.
Generous Body Corporate salary with annual CPI increases ensuring continued income growth.
Strong net profit of $234,837, primarily from the Body Corporate salary providing financial security with minimal letting risk.
25-year agreement in place, with 21 years remaining.
No holiday letting all permanent rentals, making this an easy-to-manage business suited to a single operator or couple.
Additional revenue from 6 large storage units, multiple luggage rooms, and a secure car park all situated in a high-demand Gold Coast location.
Extra earning potential through in-complex maintenance and renovation work ideal for those with handy skills.
Spacious 3-bedroom, 1-bathroom managers unit featuring 3 storage title, 6 storage exclusive use, 2 secure car spaces, air conditioning, and an on-title professional office.
Prime central location just a short walk to shops, restaurants, transport, beaches, and medical services.
This business delivers the perfect mix of lifestyle, simplicity, and reliable income a rare find in Surfers Paradise.
Contact us now to arrange an inspection opportunities like this dont last!
More Information
- Total Purchase Price: $1,862,000
- Net Income: $ 234,837
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 680,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.0
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?