Large Permanent Complex - Tweed Heads - ID

$3,360,000

Permanent management rights, Tweed Heads South NSW

Permanent Management Rights For Sale
Fabulous Residence Included in Asking Price

Looking for the perfect lifestyle business opportunity? This exceptional management rights offering in Tweed Heads delivers a strong income, a beautiful home, and the flexibility to work on your own terms.

Business Highlights:

- Spacious 4-Bedroom Free-Standing Residence: Fully enclosed yard with additional space for a boat or caravan all included in the price!

- High Salary: Solid salary of over $279,000, indexed to CPI for future growth.

- No Set Office Hours: Enjoy the freedom to manage your own schedule. All rents are paid electronically no need to keep an office open.

- Gardening Equipment Included: All equipment is owned by the manager and comes with the sale plus financials allow for $20,000 in part-time gardening wages.

- Prime Location: Situated in a high-demand rental area with easy access to local shops, schools, clubs, and just 10 minutes to Gold Coast Airport.

- Ideal for Couples or Families: A well-run, gated complex that's perfectly suited for a partnership or family operation.

A Standout Opportunity

This is a rare chance to secure a strong business in a thriving location, complete with a beautiful home and fantastic lifestyle benefits. Whether you're an experienced operator or new to the industry, this opportunity is not to be missed.

Net Profit: $453,620
Asking Price: $3,360,000
(Inclusive of Manager's Real Estate)

More Information

Financial Overview

Total Purchase Price: $3,360,000
Net Income: $ 453,620 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,110,000
_{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.}

Letting Business

Letting Pool: 56
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 69
_{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: 6
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 131
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 279,730
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 0 years
_{How long is the caretaking contract.}

Agreement Remaining: 0 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 19 years
_{How long has the management rights existed.}

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

Complex Features: Outdoor pool maintained by Owners Corporation Spa, BBQ, Gym, Plenty of storage, CCTV, Function room

Real Estate Component

Manager's Unit: 4 2

Included Real Estate: $ 1,110,000
_{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: Yes
_{Can the manager own a pet on site?}

Unit Features: The managerâs residence is a free standing home on and 760mÂ² block of land. It is ideal for a large family as there are 4 bedrooms, 2 bathrooms, a large open plan living area and plenty of storage. The residence is air conditioned, there are ceiling fans throughout, a double lock up garage and room to store a boat or caravan. There is also a large fully enclosed outdoor entertaining area accessible form the living area. The yard is fully enclosed and the complex pet friendly.