SUNSHINE COAST ESTABLISHED, PERMANENT WITH NET OF $660,000 | Resort Brokers ID : MR008071

$4.3m + Unit

Permanent Management Rights, MAROOCHYDORE QLD

One of the Sunshine Coast's largest permanent management and letting rights businesses offering unprecedented security in one of Australia's most desirable locations underpinned by 70% of the income generated by the BC salary circa. $450,000.

- Large-scale townhouse and apartment complex
- Verified net profit of $660,889 p.a. by Sam Hodgetts of McAdam Siemon
- Body Corporate salary of $448,221 p.a. plus GST
- 50sqm freestanding office under Occupational Authority with kitchenette& storage
- No set office hours in agreements
- Long tenure on Caretaking and Letting Agreements
- Spacious 4 bedroom manager's unit with additional office attached - $700,000
- Superb facilities on-site with pools, BBQ areas and gym
- All inspections by appointment only
Date updated: 17 Nov 2024 22:00:03

More Information

Financial Overview

Total Purchase Price: $4.3m + Unit
Net Income: $ 660,889 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 700,000
_{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.}

Letting Business

Letting Pool: 131
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 153
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 21
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 305
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 448,221
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Contactable during office hours - reception open 8am to 4pm in High Street
_{Required Office Hours}

Complex Features: Swimming pool, playground&BBQ area 5 Body Corporates - split as: Pandanus Melaleuca Cyathea Paperbark The Pines Four swimming pools and BBQ areas, Playground, secure parking and visitor bays.