Acquire a Prime Investment - Modernised Facilities with Established Patronage | Resort Brokers ID : MR008484

$2,890,000

Permanent Management Rights, Main Beach QLD

ResortBrokers presents a luxurious work and lifestyle opportunity with Parklane Apartments Main Beach. This Management Rights offering is in the desirable Main Beach suburb, close to Southport Yacht Club, Surf Club, Marina Mirage and Tedder Avenue Precinct. The complex features lush gardens, resort-style amenities, and a renovated manager's unit. Potential for enhanced income through unit sales with a Full Real Estate Agents license. Strong body corporate salary of $226,000 underpins the investment.

- Management Rights offering in the much-desired Main Beach suburb presents a luxurious work and lifestyle opportunity.
- Proximity to Southport Yacht Club, Surf Club, Marina Mirage and the lively Tedder Avenue Precinct enhances the appeal of the residence.
- Immaculate complex featuring lush gardens and resort-style amenities, including indoor and outdoor pools, saunas, a tennis court and a BBQ pavilion.
- The renovated managers unit boasts a beautiful kitchen, a spacious lounge, three bedrooms, two bathrooms, two car spaces and a private terrace.
- Potential for enhanced income upwards of $30,000 through unit sales by attaining a Full Real Estate Agents license.
- Strong body corporate salary of $226,000 underpins the financial stability of the investment
- Inspections by appointment only
Date updated: 29 Dec 2024 22:00:03

More Information

Financial Overview

Total Purchase Price: $2,890,000
Net Income: $ 230,403 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,890,000
_{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: 2
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 72
_{Number of units resided in by their owners.}

Lock Ups: 5
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 1
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 80
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 226,440
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 10 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: Mon - Fri: 8.30am - 12.30pm
_{Required Office Hours}

Complex Features: indoor pool, outdoor pool, tennis court, gym, sauna and library

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,890,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

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: 3 bedroom,2 bathrooms, 3 carspaces, master with walk-in robe and ensuite, stone benchtops, galley style servery, high ceilings, entertainers terrace and grassed back yard