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Acquire a Prime, Gold Coast North, Central, High Netting Management Rights | Resort Brokers ID : MR008243
$3,828,000
Permanent Management Rights, Southport QLD
ResortBrokers introduces Allegra Apartments, a premium investment in Southport, Gold Coast.
With a robust Net Operating Profit exceeding $500K and a secured letting pool of 79, this property assures strong financial performance.
Enjoy long-term security of 24-years on your accomodation module.
The manager's residence is a premium two-bedroom, two-bathroom unit and the complex boasts two rooftop deluxe barbecue areas.
With no set office hours, this opportunity offers flexibility and operational efficiency.
- Robust Net Profit consistently exceeding $500K
- Long-term security with 22-year accommodation module
- Stable income from secured letting pool of 79
- Minimal duties due to absence of facilities, enabling focus on property management
- Significant potential for additional repair and maintenance income
- Flexible management with no set office hours
- Manager's residence featuring premium two-bedrooms and two-bathrooms
- Inspections by appointment only
Date updated: 01 Nov 2024 00:00:03
More Information
- Total Purchase Price: $3,828,000
- Net Income: $ 501,060
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 772,000
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?