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2.4 MULTIPLIER! - LIVE OFF SITE
$890,000
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
- Total Purchase Price: $890,000
- Net Income: $ 111,938
(actual)
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.
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?