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PERMANENT MANAGEMENT RIGHTS - HIGH NET PROFIT
$2,516,000
Permanent management rights, Varsity Lakes QLD
Premier Business Sales are offering to market an outstanding opportunity to secure a well-established permanent management rights business in a highly sought-after Gold Coast location.
The well-maintained complex is centred around an attractive recreational precinct featuring a saltwater swimming pool, spa, and outdoor BBQ pavilion a strong drawcard for long-term tenants.
The managers residence is a spacious two-level townhouse offering: 3 generous bedrooms 2.5 bathrooms double lock-up garage, double carport and a large on-title office providing both comfortable living and practical workspace.
The business operates with no set office hours and has the security of long-term agreements in place, complemented by an attractive and secure body corporate salary and a small manageable permanent letting pool. This represents an outstanding opportunity for experienced operators or first-time buyers seeking a secure income stream combined with a quality lifestyle in a premium location.
- Generous Net Profit $330,880
- Great Body Corporate Salary $273,192
- Long Agreements
- No Set Office Hours
- Small Stable Manageable Permanent Letting Pool
- Strong Upside Potential through Rentals, Property Sales and Repairs
- Excellent Convenient Lifestyle Location
- Generous 3 Bedroom Managers Townhouse with Large Courtyard
- Spacious Office Space with Separate Entrance
Enquire today as high netting permanent management rights on the Gold Coast are always in high demand.
More Information
- Total Purchase Price: $2,516,000
- Net Income: $ 330,880
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 998,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.6
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?