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$1,147,500

Permanent management rights, Maroochydore QLD

Suitable as stand alone business for single or couple or add it to your existing business or businesses.

Easily run from the Office on site or from your own home, you manage your time as you see fit. Processes are in place to manage call outs as required. Qualified contractor engaged to attend to tenants repairs and maintenance items and to complete the daily and weekly tasks.

Being so close to Sunshine Plaza it has been a great home for all sorts of workers including shift workers which has created a peaceful environment for all residence.

There is not much more to say but hurry, early indications is that this listing will not remain for long.

Any questions and to arrange your private inspection please contact the listing Agent.

More Information

Financial Overview

Total Purchase Price: $1,147,500
Net Income: $ 225,216 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 0
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 5.1
_{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: 49
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 15
_{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: 5
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 69
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 127,160
_{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: 20 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 18 years
_{How long has the management rights existed.}

Office Hours: None
_{Required Office Hours}

Complex Features: Permanent Complex, 3 Story complex with lift access, 69 Units in complex, Security Access to units and car park, Walk to Sunshine Plaza, High Rental Demand provides stable letting pool, minimal Gardens and Lawn, No BBQ, easy to maintain pool