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Luxury Living In Main Beach !!
$3,010,000
Permanent management rights, Main Beach QLD
Step into an extraordinary realm of upscale management with an impressive 190 apartments and an array of exquisite amenities. As a discerning manager, you'll enjoy a substantial salary of $512,215 (plus GST) and a lengthy agreement term spanning 8 years and 7 months, ensuring stability and financial prosperity (full top up to 10 years for new owner prior to settlement).
Within the real estate component, discover the convenience of having the office, reception area, storage facilities, and kitchen all conveniently situated on title. With no requirement for unit investment, you have the flexibility to either rent an apartment or retain the current nominee for caretaking responsibilities, ensuring a seamless transition into this prestigious venture!
Beyond the exceptional accommodations, this property provides unrivalled access to Main Beach's vibrant Tedder Avenue precinct, renowned for its world-class dining, boutique shopping, and lively entertainment options. Whether relaxing on the golden sands or exploring the stunning coastline, this property offers the ultimate coastal lifestyle experience. Don't miss this unparalleled opportunity to embrace luxury living in one of Queensland's most coveted locations!
More Information
- Total Purchase Price: $3,010,000
- Net Income: $ 442,430
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 360,000
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?