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NET PROFIT $375,000 - SALARY $267,000
$2,743,500
Permanent Management Rights, PACIFIC PINES QLD
This residential Gold Coast Management Rights townhouse complex is situated in the rental mecca of Pacific Pines.
Key features of this business are:
23 years remaining on Management Agreements
Supportive Body Corporate Committee
Body Corporate Salary $267,000 plus GST and increasing yearly by CPI
Opportunity to increase onsite rental pool by securing outside agent property lets
Excellent return on investment with affordable real estate component
Onsite Manager's residence is a modern stand-alone Villa, featuring 4 bedrooms, 2 bathrooms, 3 car accommodation, 2 storage sheds, spacious backyard and office attached on same title.
You will be conveniently close to schools, local childcare centre, walking distance to local parks, shopping centre and public transport. And only a few minutes drive to Westfield, Helensvale and Harbour Town Shopping Centre. The locality offers an abundance of attractions, such as bikeways, walkways and theme parks. Jump on the M1 Motorway for commuting North to Brisbane and South to Gold Coast airport.
Do not miss your opportunity to invest in this solid business. Contact me today!
More Information
- Total Purchase Price: $2,743,500
- Net Income: $ 374,580
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 780,000
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?