Exceptional Opportunity in Paradise Waters - $1.71M

$1,710,000

Permanent management rights, Surfers Paradise QLD

Discover a permanent, well-managed complex in the highly sought-after Paradise Waters. Enjoy a seamless transition into a vibrant community surrounded by lush, meticulously maintained grounds.
Facilities include:
Sparkling swimming pool
Spa
Two saunas (his & hers)
Tennis and pickleball court
Spacious BBQ area
Marina with boat access to the water

Location highlights:
Just metres from the Tedder Ave Precinct and close to Australia Fair shopping centre
All of the Gold Coasts top attractions are a short drive away
Famous, patrolled beaches within walking distance
Easy access to medical facilities, including the renowned Gold Coast University Hospital
Convenient, reliable public transport options

More Information

Financial Overview

Total Purchase Price: $1,710,000
Net Income: $ 142,197 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,150,000
_{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.}

Letting Business

Letting Pool: 11
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 43
_{Number of units resided in by their owners.}

Lock Ups: 7
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 4
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 65
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 117,406
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 8 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 37 years
_{How long has the management rights existed.}

Office Hours: 9-12 Mon-Fri
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,150,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

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: Managerâs Residence: The ground floor managerâs unit features three bedrooms, two bathrooms, laundry, kitchen, and a combined lounge/dining area. The home is fully air-conditioned with electric fans throughout and boasts a wraparound enclosed terrace for privacy.