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Exclusive - Two Adjacent Luxury Permanent Management Rights Complexes for Sale - ID 9174
$600,000
Permanent management rights, Yeppoon QLD
Permanent Management Rights for Sale
Enjoy Flexible Arrangements and Great Lifestyle
- Price $600,000
- Net $134,941 for management rights businesses plus average last 3 years $114,290 per annum sales commissions.
- No managers real estate in either complex.
- Fabulous Yeppoon lifestyle overlooking central CBD and Great Keppel Island on Queenslands southern Great Barrier Reef
- Body Corporate salaries (2) total $64,312 (plus GST) per annum both currently under review for increase and if approved benefit for incoming purchaser.
- No set office hours only contactable by phone enjoy flexible arrangements and great lifestyle.
- Permanent rental pool with only 14 luxury apartments.
- Long term agreements of 25 years with 21 years remaining.
The perfect combination of quality lifestyle and strong income streams.
Net profit $134,941 management rights business plus residential sales commission income to the right buyer.
Net Profit: $134,941
Asking Price: $600,000
More Information
- Total Purchase Price: $600,000
- Net Income: $ 134,941
(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: 4.4
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