Main Beach Permanent Management Rights for Sale

$1.376 M

Permanent management rights, Main Beach QLD

Small Main Beach Permanent Management Rights for Sale in a modern and well-appointed Management Rights Gold Coast for Sale.
Secure Body Corporate Remuneration (Salary)
No Requirement to live onsite.
The current managers rent the manager's apartment for $550/week (not counted in Profit and Loss)
3.5 Multiplier.
Agreement can be topped up by 5 years.

Managers Apartment.
* Air conditioned 2 Bedrooms, Bathroom of roughly 80 Square meters
* Wall Oven, Hotplates, Ducted Air Conditioning, Range Hood
* Separate office which can be entered from the foyer and manager's unit
* Excellent cross ventilation and light
* 1 Security car space with storage
* Resort Facilities include an outdoor pool. spa, gym, BBQ area

Nestled between the sparkling blue waters of the Southport Broadwater and the magnificent Pacific Ocean, Main Beach is only minutes north of the heart of Surfers Paradise. The suburb was named because it was the town's main surf beach with visitors using the ferry to access it.

Main Beach offers easy access to the Surf Beach, Tedder Avenue dining, the Yacht Club, Southport Surf Club and Marina Mirage.
Main Beach is one beach along approximately 70 kilometres of beaches and four epic point breaks.

The Gold Coast is a paradise for lovers of sand, sun and surf, with some of the most beautiful stretches of sand in Australia.
You'll find a beach to suit whether you love to swim, surf, paddleboard or relax.

Only a short stroll to the MAIN BEACH Light Rail Station with direct access to the GC University Hospital and Griffith University and soon to be connected to Brisbane's Heavy Rail and Brisbane International/Domestic Airport.

More Information

Financial Overview

Total Purchase Price: $1.376 M
Net Income: $ 118,502 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,000,000
_{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: 1
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{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: 2
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 25
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 101,079
_{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: 15 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 20 years
_{How long has the management rights existed.}

Office Hours: None
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 2 1

Included Real Estate: $ 1,000,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Ducted Air Conditioning, Alfresco Balcony, Gas Cook Top, Dishwasher