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Budget: $ 50,000 - $ 20,000,000
Budget: $ 50,000 - $ 20,000,000
Budget: $ 50,000 - $ 20,000,000

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  • Management Rights Gold Coast
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2 MULTIPLIER! - LIVE OFF SITE

$850,000

Permanent Management Rights, BIGGERA WATERS QLD

Awesome value here!

A secure residential Gold Coast Management Rights business with the bulk (85%) of income being derived from Body Corporate Salary of $95,000 plus GST p.a.

Manager currently lives off-site with the 3 Bedroom townhouse tenanted. Tenant maintains the gardening and pool.

Townhouse complex is positioned in a very convenient location with shops, schools, public transport and amenities just around the corner. And the fabulous Harbour Town shopping centre is so close!

Just a quick drive to the huge natural playground of the Broadwater for boating, fishing or catching a sunrise morning stroll prior to your working day. School bus stop outside the complex. Walk to school in five-minutes!

A supportive Body Corporate committee with a good history.

Terrific business for those new to the industry or a great "bolt-on" acquisition to those already with a foothold in the Management Rights sphere.

More Information

Financial Overview

  • Total Purchase Price: $850,000
  • Net Income: $ 111,938 ()
    This is the combined total income acheived by the business after expenses, before tax.
  • Included Real Estate: $ 616,000
    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.

Letting Business

  • Letting Pool: TBC
    Number of units the manager is authorised to manage.
  • Owner Occupiers: 0
    Number of units resided in by their owners.
  • Lock Ups: 0
    Number of units owners are not renting out, but also do not live in.
  • Outside Agents: 0
    Number of units being rented by other agents (these could potentially be acquired by the manager).
  • Units In Complex: 68
    The total number of units within the complex.
  • Caretaking

  • Remuneration: $ 95,602
    This is the body corporate caretaker salary. It is included in the Net Income above.
  • Agreement Term: 10 years
    How long is the caretaking contract.
  • Agreement Remaining: 9 years
    How long remains on the caretaking contract before it must be renewed?
  • Agreement Age: 0 years
    How long has the management rights existed.
  • Office Hours:
    Required Office Hours
  • Complex Features:
  • Real Estate Component

  • Manager's Unit:   3 2
  • Included Real Estate: $ 616,000
    The value of on-title property included with the business. Its price is included in the Total Purchase Price.
  • Manager's Car Spaces: 2
  • Office On Title: 0
    Is there a manager's office included on the title?
  • Pets:
    Can the manager own a pet on site?
  • Unit Features:
  • Listing Agent Contact Details

    %2Fusers%2Flogo_7566817%2F1.jpg Click here to view full profile for: Property Bridge

    Portrait

    Selina Zhong

    Office : 1800 888 ...
    Mobile : 0468 886 010, or 1800 888 ...

    Property Bridge

    propertybridge.com.au


    Send an Email:

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    • Property ID: 21135551
    • Broker's Ref: 21359561
    • =7566817
    • Last Update: 3 months ago.
    • Listing Type: Permanent
    • Price: $850,000
    • BIGGERA WATERS, QLD

    Agent Details

    %2Fusers%2Flogo_7566817%2F1.jpg Click here to view full profile for: Property Bridge

    Portrait

    Selina Zhong

    Office : 1800 888 ...
    Mobile : 0468 886 010, or 1800 888 ...

    Property Bridge

    propertybridge.com.au


    Send an Email:


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