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SPACIOUS RESIDENCE - STABLE INCOME
$1,200,000
Permanent Management Rights, UPPER COOMERA QLD
On offer now is this robust business within a peaceful residential townhouse complex enjoying a stunning riverfront outlook.
Highlights:
Prime location - Sought after neighbourhood
Riverfront views
Beautiful manager's residence
Easily managed business
Boutique letting pool
Solid revenue stream
Bulk of net income from Body Corporate Salary of approximately $92,000, represents 92% of profit!
20 years remain on Management Agreements with office on title and no office hours. Simple duties and a swimming pool to maintain. All providing the incoming manager with a great foundation to build up this business. The easily managed letting pool provides opportunity for the incoming manager to double the onsite letting pool.
The desirable, spacious, beautifully presented onsite manager's townhouse offers 3 large bedrooms, 2 bathrooms, 2 car spaces and a large backyard oasis for the family to enjoy.
Upper Coomera is within a real growth area, on the Gold Coast, with icons the like of Costco, Westfield, and the many world class theme parks, only 4 km down the M1 highway. And the up-and-coming local hospital shall be another attribute.
This business represents an attractive proposition for new entrants or the semi-retired to enter the Management Rights industry.
More Information
- Total Purchase Price: $1,200,000
- Net Income: $ 100,276
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 850,000
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?