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Exclusive Permanent Management Rights with Exceptional Body Corporate
$4,530,000
Permanent management rights, Surfers Paradise QLD
An opportunity presents to purchase this exclusive permanent management rights complex on the Gold Coast which boasts the most incredible resident facilities.
What makes this one exceptional is the huge body corporate salary which continues to grow substantially each year in line with CPI increases.
The current owners role is predominately supervisory which includes co-ordinating contractors.
A spacious 3 Bedroom apartment is included in this most magnificent complex which has to be seen to be appreciated. Opportunities do not come along like this very often.
Call Craig for more information on this very lucrative opportunity.
Net Profit: $447,270
Property Code: 46
More Information
- Total Purchase Price: $4,530,000
- Net Income: $ 475,135
(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