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BUSINESS ONLY Permanent Management Rights | Big Salary
$1,829,499
Permanent management rights, SOUTHPORT qld
Perfect For:
Investors seeking stable, hands-off income
Portfolio holders diversifying into high-ROI Gold Coast market
First-time buyers wanting premium management rights with scalability
This business has massive growth potential:
-The current net income is predominantly comprised of a large body corp salary and management income.
-You can make lots of extra profit by growing the letting pool
-If you are handy you may also consider doing some minor repair jobs for the owners or body corp to make even more cash
The Complex:
-Prime location for working professionals
-Close to schools, research centers, hospital
-Good supporting transport infrastructure with rail, bus and roads
- High set and low set townhouses with very healthy sinking fund
- No facilities to look after
- NO UNIT TO BUY, NOT REQUIRED TO LIVE ONSITE
Call 0404331310 or email The SIRE Team sales@ for more information Now! This will be sold very quickly!
Inspection by appointments only!
More Information
- Total Purchase Price: $1,829,499
- Net Income: $ 366,631
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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