LUXURY LIVING + MINIMAL DUTIES + HIGH RETURNS IN HIGHLY SOUGHT CURRUMBIN | Resort Brokers ID : MR008321
$2,200,000
Permanent Management Rights, Currumbin QLD
ResortBrokers brings to market a profitable, blue-chip management rights opportunity in the heart of highly sought-after Currumbin, offering luxury living, a solid Body Corporate income with potential for further growth.
Currumbin Ridge is a gated community comprising 81 luxury homes with 23 in the letting pool. Low maintenance outdoor areas and pool contractor paid for by the body corporate ensure the duties are extremely manageable, combined with no set office hours, affording a true lifestyle business.
The managers residence is a multi-level, architecturally designed four-bedroom, 2.5-bathroom home. The managers office is on title and attached and offers a large staff bathroom as well as a storage shed for equipment. There are six exclusive car parks at your disposal for visitors or guests.
- High-demand rental suburb ranging from $850 - $1,325 per week
- Upside to engage growth via the outside agent-managed properties
- Drive the repairs and maintenance income
- Body Corporate Salary $156k+ (excl.GST) CPI increases annually in July
- Luxury manager’s residence - ducted aircon, solar power, expansive deck
- Close proximity to Currumbin Beachand Currumbin Creek
- Easy managementwith high returns
- Inspections are by appointment only
Date updated: 13 Oct 2024 22:00:04
More Information
- Total Purchase Price: $2,200,000
- Net Income: $ 232,162
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,100,000
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?