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Premium caretaking business in the Gold Coast's hottest location | Resort Brokers ID : MRB008678
$900,000
Permanent Management Rights, Chevron Island QLD
Allure Management Rights business on Chevron Island is a stunning permanent residential apartment complex with high quality amenities. With no requirement to own a lot, and no set office hours, this business is up and running, ready for a new manager to take it to the next level. Allure Chevron Island has a solid business base, and is an attractive add-on for any experienced operators looking to secure a business-only MLR at the top end of the Gold Coast.
- Mid-scale permanent MR Business-Only complex with high rent appeal
- Strong growth area of tranquil Chevron Island
- Body Corporate salary of $117,876 p.a.
- Opportunity to expand the current on-site letting pool
- No set office hours and 23 years remaining on agreements
- Inspections by appointment only
Date updated: 03 Apr 2025 22:00:02
More Information
- Total Purchase Price: $900,000
- Net Income: $ 160,753
(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