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Exclusive - $120,038 Stable Net & Larger Perfect Spaces - ID 8970
Cooperative Committee and Peaceful Community
Permanent management rights, Tugun QLD
- Ideal for a couple: One can manage the onsite operations while the other maintains an offsite career for additional income.
- Net Income: $120,038. A large portion is derived from a stable Body Corporate salary of $89,832 + GST, with annual CPI increases.
- Secure Agreement: 25-year management rights agreement with 20 years remaining.
- Simple Letting Pool: All rentals are permanent includes 11 units in a small, easy-to-manage pool, 2 external properties, and 4 units currently managed externally.
- Supportive Committee: Only two members, making for streamlined communication. All tools and equipment are provided by the Body Corporate.
- Flexible Schedule: No set office hours required.
- Growth Potential: Additional opportunities available to further increase the current income.
- Modern Residence: Stylish, newly renovated 2-bedroom, 1-bathroom apartment with 1-car accommodation, full air-conditioning, and a practical backyard.
- Bonus Spaces: Includes a large, separate 15-square-metre air-conditioned office (on title) plus an additional 15-square-metre storage area.
- Prime Setting: Set within a leafy, beautiful, and peaceful community.
Net Profit: $120,038
Asking Price: $1,358,000
(Inclusive of Manager's Real Estate)
More Information
- Total Purchase Price: Cooperative Committee and Peaceful Community
- Net Income: $ 120,038
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 860,000
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.
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?