HIGH QUALITY OFF THE PLAN BUSINESS ONLY MR - HOPE ISLAND | Resort Brokers ID : OTP008013
$800,000
Off The Plan Management Rights, HOPE ISLAND QLD
ResortBrokers is delighted to exclusively present to the market the Management Right to 35 Grant Avenue, another stunning development delivered by renowned developers Aniko, due for completion in early 2024 - BE QUICK!
- 58 contemporary brand new townhouses
- Projected letting pool of 17 units secured by investors
- Under construction currently with anticipated delivery in early 2024
- Solid Body Corporate salary of $100,300 p.a. plus GST
- 25 year Caretaking and Letting Agreements
- No requirement to live on site and no set office hours
- Office and storage on title / OA
- Option to buy a 3 bed, 3 bath town home - $995K
- Ideal for existing operator to bolt-on or couple seeking lifestyle and income opportunity
- All inspections by appointment
Date updated: 04 Jul 2024 23:00:02
More Information
- Total Purchase Price: $800,000
- Net Income: $ 167,274
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 995,000
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?