GOLD COAST BUSINESS ONLY MR WITH INCREDIBLE ROI | Resort Brokers ID : MRB008295
$2,145,000
Permanent Management Rights, Bundall QLD
On offer is a remarkable investment opportunity to secure the business-only management rights to a centrally located Gold Coast property. This thriving business offers a generous body corporate salary circa $146k with a substantial net profit circa $400k+, making this an incredible ROI (return on investment)!
The complex boasts a large letting pool, with 88 in the scheme, and 65 units currently under management, ensuring a strong and sustainable net profit. The caretaking duties are minimal, and the low maintenance aspect further enhances the appeal of this investment, allowing the operator to focus on growth and profitability.
If you are an experienced operator looking to expand your portfolio, this is the perfect add-on business or either just starting out and looking for a well run, systematic property management business get in touch to inspect.
- Well run, systematic property management business
- Healthy sinking fund and progressive body corporate
- Topped up 25-year agreements
- Offering an Incredible Return on Investment
- Flexible workday, no set hours with minimal duties
- No Real Estate to purchase or requirement to live on site
- Strong Net Profit& $146k+Body Corporate Salary
- Room for growth via converting outside letting
- Fantastic Gold Coast location near event hubs, sporting venues, shopping precincts
- Inspections by appointment only
Date updated: 22 Sep 2024 23:00:04
More Information
- Total Purchase Price: $2,145,000
- Net Income: $ 401,435
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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