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$2,193,800
Permanent Management Rights, COOMERA QLD
Coomera is rapidly transforming with new hospitals, major transport upgrades, strong schools, a growing town centre, and sustainable infrastructure. Making it one of the fastest-rising suburbs on the Northern Gold Coast.
This business has 21-years remaining on agreements, a rewarding Body Corporate Salary of $203,000 (ex-GST), increasing yearly by the higher of CPI or 3% and a Net Profit of over $264,000.
With no requirement to live on-site there is currently additional income of approximately $33,000 p.a. from rental of the manager's stand-alone villa featuring four bedrooms and two car garage.
Plenty of opportunity for a smart operator to double the size of the current onsite rental pool, by securing up to 33 lots held by external real estate agents.
This security gated residential complex features a swimming pool for those hot summer days and is only a short stroll away from local shops, tavern and a hop skip and a jump to theme parks.
Only minutes to Westfield, Costco & railway station. Within a 5 km radius there are no less than 10 private & state schools! This ensures your choice of quality tenants.
This is a very robust business with a supportive committee. A Gold Coast Management Rights that ticks all the boxes!
More Information
- Total Purchase Price: $2,193,800
- Net Income: $ 264,205
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 820,000
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?