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Owners Serious About Selling
Reduced to Sell $895000
Permanent management rights, Alexandra Headland QLD
Time to ACT is NOW!
Owners are Serious about Selling and will consider all offers.
Buy Caretaking and Letting or negotiate to buy just the Caretaking !
Want Just the Rent Roll, Let the Agent Know !
Nothing is off the table - Trade your House, Unit, Car? Any other suggestions? Lets Talk!
Owners are a couple with one of them being a full time shift worker in Brisbane! This business is Suitable for a single operator!
Complex has Secure Building Access, comprising one bedroom and studio apartments. Located in popular Alexandra Headland.
Office hours are Monday to Friday 9am to 3.30pm leaving the weekend to immerse yourself into the wonderful central Sunshine Coast.
Unit $450,000
Body Corporate Levy - $6,738.56 ($8,423.20 before pay on time discount of 20%)
56 sqm one bedroom Unit is separate from the Office and is situated on the 2nd floor at the front of the building.
It has been fitted with excellent block out internal blinds enabling quality day time sleep.
Large air conditioned open plan lounge / dining area
Business $445,000
- Caretaking and Letting Agreements with 19 years to run until 11 March 2044
- Net Profit is approx. $167,000 based on current rental pool
- Body Corporate Salary of $100,306.20 plus GST
- CPI yearly increase each March.
- 64 Units, 25 in Rental Pool, 14 Owner Occupiers and 25 managed by External Rental Agents or owner managed
- Office Hours 9am to 3.30pm Monday to Friday
- Large Occupation Authority Office area included in management agreement
- Additional Occupational Authority over smaller storage areas
- Managed income producing Onsite Laundry
- Private double lock up garage opening into the back of the office
- Second double lock up garage for gardening equipment
- Contract can include many of the furniture items currently being used in the Office and living areas
A personal inspection is the best way to truly appreciate this opportunity, please contact the listing Agent for further information and to book your inspection.
More Information
- Total Purchase Price: Reduced to Sell $895000
- Net Income: $ 167,000
(projected)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 395,000
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?