STABLE MR WITH SOLID INCOME - CENTRAL GOLD COAST
$1,760,000
Permanent management rights, Merrimac QLD
Highly desirable and tightly held gated residential townhouse complex hidden away next to Robina. Adjacent to playground and walking distance to kindergarten, Merrimac State School, chemist, bus stop, caf and restaurants. Few minutes driving distance to highly sought private schools like All Saints and M1 Highway. Only 10 minutes away from train station, Robina and Pacific Fair shopping centres and beach.
Generous $131,607 Body Corporate salary with 23 years remaining, healthy Sinking Fund balance and supportive Committee. Easy to maintain complex with gates, CCTV security system and all routine major projects completed. Large gardening waste wheelie bin setup and no bins to push out. Moderate lawn to look after, but Seller upgraded to over-the-top ride-on lawnmower to cut down gardening effort and time in half. Everything in place suitable from new mangers with minimal training required.
Stable letting pool tightly held with no outside agents with healthy additional income for repair and maintenance, and sale opportunities.
Double storey 3 bedroom manager unit with large backyard and space to park 3 cars. Two additional exclusive use shed for Body Corporate and your equipment. Minimum office hour requirement and extra office space on title.
If you are looking for an easy to maintain management rights with solid guaranteed income, call Jessie today to arrange private inspection.
More Information
- Total Purchase Price: $1,760,000
- Net Income: $ 174,233
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 880,000
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?