LARGE SCALE BUSINESS-ONLY PERMANENT MANAGEMENT RIGHTS Netting $582K | Resort Brokers ID : MR008258
$2,130,000
Permanent Management Rights, VARSITY LAKES QLD
ResortBrokers introduces a high-netting, business-only MLR opportunity in Varsity Lakes. Comprising of two desirable apartment complexes located within just 1-minute walking distance between each other, Located in the highly desirable suburb of Varsity Lakes, this business offers a robust return on investment backed by a solid Body Corporate salary. With no requirement to live onsite, no set office hours and no manager's residence to purchase, this business is a must consider.
The caretaking duties are very manageable, mainly supervisory roll for the manager as body corporate bears all costs for professional contractors to service/maintain the swimming pool and the gardens. A large fully functional office and boardroom are on title, conveniently located in the lobby for the manager to use at their discretion.
This well-maintained, permanent modern apartment building complexes offer a solid business, suitable for a first-time buyer looking to secure a stable, low-maintenance business or an experienced operator who wants to expand their portfolio. Please contact us today with your enquiries as these types of Management Rights businesses are in high demand and will not last long before being sold.
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No requirement to reside onsite or purchase manager's residence
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No set office hours
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Long agreement terms - 21 years
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Strong Body Corporate salary
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Easy and very manageable caretaking duties
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Body corporate bears all costs for professional contractors to service/maintain the swimming pool and the gardens
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Two spacious offices and a boardroom on title - $580,000
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Stable and consistent letting pool
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Highly desirable location with high rental demands
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Robust return on investment
- Property inspections are by appointment only
Date updated: 25 Jun 2024 23:00:02
More Information
- Total Purchase Price: $2,130,000
- Net Income: $ 324,260
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 300,000
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?