Large Remuneration Permanent Management Rights in Brisbane North
$1,580,000
Permanent management rights, Ningi QLD
This is a safe, gated community in Sandstone Lakes, that offers convenient&contemporary living. Redondo Street represents exceptional buying with its proximity to the beach.
This lowset brick standalone property is located approx 10 minutes from the beautiful Bribie Island and approx 2 minutes
from closest beach and fishing spots.
Secure and safe, the gated complex includes a large in-ground pool, BBQ amenities, huge undercover patio area and a grassy
area, providing plenty of space for guests and family events.
Location:
- 5 minute walk to the beautiful Standstone Lakes
- 5 Minute walk to Theo Greene Park
- 1 Minute drive to Sandstone Lakes Plaza (IGA, Early learning centre, Gym, Hair Salon
- 2 Minute drive to Fuel station
- 3 Minute drive to Ningi Pharmacy
- 4 Minute drive to Goodwin Beach Playground, picnic table, electric barbecue, public exercise area, public toilets&Boat ramp
- 6 Minute drive to Sandstone Park (Cardboard Hill)
- 7 Minute drive to Sandstone Point Beach&Avoca Esplanade Park
- 7 Minute drive to The Village Sandstone Point (ATMs, Medical Centre, IGA, BWS&Bakery)
- Complex very popular with tenants
- Handy locations, close to local major shopping centres
- Very well-run complex and well-established/steady business, all procedures documented
- Fantastic Body Corporate salary $143,294, with annual increase by CPI every August
- Spacious detached office, no set office hours
- Small letting pool (33 lettings) to give you an undisturbed lifestyle
- Ideal for a family or semi-retired couple looking for a solid income and great lifestyle
Come and take a look, we are sure you will be impressed!
This is a rare opportunity to purchase such a beautiful lifestyle permanent management right!
More Information
- Total Purchase Price: $1,580,000
- Net Income: $ 227,043
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
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?