3 boxes you need to tick... Profitable, Sustainable and Manageable | Resort Brokers ID : MR008364
$1,750,000
Permanent Management Rights, LABRADOR QLD
ResortBrokers presents Jabiru Landing, a profitable Management Rights opportunity in Labrador.
With a solid body corporate salary of $147,254, boosting the net profit of $254,618 and a sustainable letting pool of 30 units, this asset promises a stable income.
The property includes a modern three-bedroom manager's residence and requires low maintenance duties, ensuring a balanced lifestyle. Additionally, no onsite office hours are required, which offers operational flexibility within this townhouse complex (standard format plan).
With a 20-year term remaining on the accommodation module, this opportunity offers long-term growth potential.
- Strong net operating profit of$254,618, underpinning strongfinancial performance.
- Contemporary three-bedroom,one-bathroom manager’s residenceoffering comfortable living.
- Low maintenance duties for lawn, garden and pool, ensuring abalanced lifestyle.
- Solid and sustainable letting pool of 30 units, providing a stableincome foundation.
- No onsite office hours required,offering operational flexibility.
- 20-year term remaining on the accommodation module, offering long-term growth potential.
- Inspection by appointment only.
Date updated: 08 Sep 2024 23:00:05
More Information
- Total Purchase Price: $1,750,000
- Net Income: $ 254,618
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 600,000
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?