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No Set Office Hours & No Requirement to Live Onsite - ID 8828
Magnificent Quality Residence
Resort / Holiday management rights, Surfers Paradise QLD
- No set office hours high net operating profit of $173,492.
- Professional, high-quality office on title with separate entrance (exclusive use).
- Letting pool of 11 + 1, including 8 holiday and 3 permanent rentals, plus 2 lockups.
- 25-year long-term agreement with 22 years remaining.
- Body Corporate salary of $57,151 + GST, with annual CPI increases.
- Very cooperative and easy-to-work-with committee.
- Plenty of large storage spaces for operational convenience.
- No requirement to live onsite.
- Impeccably run business with every detail in perfect order.
- Consistently rated above 9/10 on Google reviews.
- Minimal caretaking duties very low workload.
- Spacious, modern 2-bedroom managers residence with 1-bathroom, extra toilet, secure car park, large living area, and quality finishes.
- Two huge outdoor living areas for added space and comfort.
- Pet-friendly and perfectly located walk to restaurants, beach, bars, shops, and public transport, while still enjoying a peaceful, safe setting away from noise.
- Total asking price: $1,650,000 (includes the magnificent Managers Unit)
Come and take a look - once you compare, youll see the real difference.
Act quickly to secure this exceptional opportunity.
Net Profit: $173,492
Asking Price:$1,650,000
(Inclusive of Managers Real Estate)
More Information
- Total Purchase Price: Magnificent Quality Residence
- Net Income: $ 173,492
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 950,001
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.
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?