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NET $465,000 - SALARY $246,000 - PRESTIGIOUS BUSINESS
$3,690,000
Permanent Management Rights, BURLEIGH WATERS QLD
Premium residential Gold Coast Management Rights offering an oasis in its urban setting.
This large resort-style apartment complex offers a great balance of lifestyle and convenience for its residents. Apartments are modern and feature calming views of the surrounding landscape.
This premium-grade development offering a premium-grade business with the following attributes:
22 years remaining on Management Agreements
Supportive Committee
Body Corporate Salary of over $246,000 p.a. increasing yearly by CPI
A significant Net Profit of 465,000 p.a.
Returns on your investment are excellent with a great business to real estate ratio
Quality onsite manager's apartment with separate office on title
Manager's residence is a roomy 3 bedroom, 2 bathroom, 2 car accom with large courtyard and storage cages.
And significant upside in revenue potential, with 30 apartments managed by outside agents!
Ultra convenient proximity to shopping (Coles etc), top class restaurants, child care, schools, recreation and a short drive to the M1 highway. Within a 5 minute drive you can be these iconic landmarks:
Bond University
Varsity Train Station
Burleigh Heads Beach
Marymount College
I welcome your exclusive inspection by appointment!
More Information
- Total Purchase Price: $3,690,000
- Net Income: $ 465,580
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 899,000
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?