Management Rights Business Opportunity - Prime Beachside Location!
$2,980,000
Permanent management rights, Biggera Waters QLD
Looking for a lucrative investment opportunity in a prime coastal location? Look no further! This management rights business offers a unique chance to own and operate a thriving enterprise just a 5-minute walk from the beach.
Key Features:
Large Letting Pool Potential: With a total of 156 units, of which around 55 are currently in the letting pool, there is immense potential to expand the letting pool further. Seize the opportunity to increase your revenue streams and maximize profitability.
Attractive Manager Remuneration: Enjoy a manager remuneration of more than 50% of the total net income, providing a solid income stream and excellent return on investment.
Enviable Location: Situated just a stone's throw away from the beach, this management rights business offers residents and holidaymakers alike the ultimate coastal lifestyle. Take advantage of the high demand for beachside accommodation and capitalize on the location's popularity.
Affordable Manager Unit: The manager's residence is available at a low price, offering comfortable living quarters with the potential for significant capital appreciation in the future.
Additional Benefits:
Well-established business with a strong reputation in the local market.
On-site amenities and facilities for residents and guests.
Supportive body corporate and community environment.
Don't miss out on this exceptional opportunity to own and manage a successful business in a highly desirable location. Act now to secure your future in paradise!
Disclaimer: We have in preparing this information used our best endeavour to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own inquiries to verify the information contained herein.
More Information
- Total Purchase Price: $2,980,000
- Net Income: $ 403,519
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 5.5
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?