Magnificent Permanent located on Kawana Island

$1,200,000

Permanent management rights, Parrearra QLD

Management Rights for sale , Permanent Complex. This modern complex is located on Kawana Island, adjacent to Double Bay, short stroll to restaurants and close to Hospital Precinct. A well established complex with the gardens being maintained by the Body Corporate.

The Complex has great facilities. being in close proximity to the House Centre and Hospital precinct they have no trouble maintaining the letting of Units . Small Letting Pool, so some opportunities here.

Great Managers Unit and no set Office Hours.

More Information

Financial Overview

Total Purchase Price: $1,200,000
Net Income: $ 134,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 595,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.5
_{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: 9
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 45
_{Number of units resided in by their owners.}

Lock Ups: 1
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 1
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 56
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 116,282
_{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: 19 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 15 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 595,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Spacious 3 bedroom, 2 bathroom, with office attached. Modern design with private outdoor area. Comes with 2 car parks. Real comfortable living.