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IDEAL BUSINESS FOR ONE COUPLE
$1,900,000
Permanent Management Rights, PACIFIC PINES QLD
This excellent permanent Gold Coast Management Rights business has no set office hours, is well presented and has low maintenance grounds allowing for very manageable and profitable business.
The townhouse complex has limited common area facilities. Pool and small gym only.
Blessed with many long-term and loyal investor-owners. Quality tenants are in place and easily found in this stable onsite letting pool with only one outside agent.
Benefitting from both a supportive committee and body corporate manager this residential business is perfect for a two-person management team. Also potential for additional income via common property repairs
Currently 23 years remain on management agreements.
Expect a net profit of $211,000 p.a. inclusive of over $104,000 p.a. (+ GST) for Body Corporate annual remuneration, which represents 50% of total net profit.
The onsite manager has the luxury of a freestanding modern two storey house featuring 4 bedrooms, 2.5 bathrooms, 2 car garage and office on title. All four bedrooms are equipped with air-conditioning and the master bedroom has an ensuite.
Close to school, public transport and all the facilities you will need. Conveniently located with easy access to the M1 Motorway through to Brisbane.
Call me for an inspection now.
More Information
- Total Purchase Price: $1,900,000
- Net Income: $ 211,399
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 800,000
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?