Real Waterfront Paradise with $330,880 Net - ID 8941

BC Salary of $273,192

Permanent management rights, Varsity Lakes QLD

Permanent Management Rights For Sale
Everything at Your Doorstep with $273,192 Salary

- Stable high Body Corporate salary of $273,192 plus GST, increasing annually with CPI. More than 80% of earnings come from salary exceptionally stable income.
- No set office hours - operate entirely under your own flexible schedule.
- Multiple income-upside opportunities through rentals, sales, repairs and more.
- Very high net profit: $330,880.
- All permanent rentals with a small and easy letting pool of just 19 units.
- 25 year long-term agreement with 17 years remaining.
- Modern townhouse featuring 3 bedrooms, 2 bathrooms, double garage, and air-conditioning.
- Large courtyard and a spacious professional office on title with separate entrance.
- Located in one of the best waterfront positions on the Gold Coast. Everything is at your doorstep - superb convenience and lifestyle.
- Total price only $2,516,000, including the quality modern 3-bedroom Managers townhouse.

The perfect combination of beauty, peace, and convenience, paired with easy, stable, high income. An impeccable opportunity you simply cannot afford to lose - act now to avoid regret.

Net Profit: $330,880
Asking Price: $2,516,000
(Inclusive of Manager's Real Estate)

More Information

Financial Overview

Total Purchase Price: BC Salary of $273,192
Net Income: $ 330,880 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 998,000
_{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: TBC
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

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

Caretaking

Remuneration: $ 273,192
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 17 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 22 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Swimming pool, BBQ, Spa

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 998,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 4

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: 3 bedroom, 2 bathroom 3 toilets, double garage plus 2 additioanl off street parking spaces, air conditioning throughout, large priviate courtyard, office on title with separate entrance.