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SOLD Great Supervisory Agreement $1.5m SOLD SOLD
$1,500,000
Permanent management rights, Surfers Paradise QLD
Ideal Opportunity for Starters or Retirees!
100% Supervisory Role A Must-See!
Discover permanent management rights in the beautiful Paradise Waters on the Gold Coast. This stunning complex is set amidst meticulously manicured gardens, featuring serene ponds, elegant fountains, tennis courts, and both indoor and outdoor pools. Enjoy access to a well-equipped gymnasium, sauna, spa, and steam room.
Property Features:
Spacious Living: Large 2-bedroom, 2-bathroom unit with a lounge, dining area, kitchen, and separate laundry.
Generous Body Corporate Remuneration: Ensures a healthy, guaranteed income.
Opportunities for Growth: Numerous avenues to enhance turnover and increase income.
Security and Management:
The complex is supported by security contractors who are on duty from 5:30 PM, Monday to Friday, and are present all weekend to manage after-hours issues.
Financial Overview:
Total Purchase Price: $1,500,000
Net Income: $170,000 (actual) This is the total income achieved by the business after expenses, before tax.
Included Real Estate Value: $1,000,000 This is the value of the on-title property included with the business, reflected in the total purchase price.
Multiplier: Undisclosed
Dont miss out on this exceptional opportunity! For more information and to arrange an inspection, contact the listing agent, Barry Teren, at 5 530 today!
More Information
- Total Purchase Price: $1,500,000
- Net Income: $ 171,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 900,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.5
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.
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?