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Management Rights opportunity for lifestyle change and luxury living | Resort Brokers ID : MR007260
$450,000 (Business Only)
Permanent Management Rights, Townsville City QLD
Situated in the blue-chip suburb of North Ward, presents the rare opportunity to own a great business and easily manageable secure complex. Consisting of 55 apartments of luxury living with manicured lawns and sprawling gardens, this is an exceptional opportunity for a management rights operator to purchase this permanent management rights business, combined with a fantastic location, and great systems in place.
- Easily managed complex block
- 23/24 BC salary $132,792
- Supportive Body Corporate committee
- Located in a blue-chip suburb
- 11 apartments in the letting pool
- Lifestyle retirement business opportunity
- Fully secure complex
- Options available for onsite living
- Located just 100 metres from the ocean and all that The Strand has to offer
- Property inspections are by appointment only
Date updated: 11 Dec 2024 22:00:02
More Information
- Total Purchase Price: $450,000 (Business Only)
- Net Income: $ 73,227
(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