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Entry Level Permanent Management Rights
$600,000
Permanent management rights, Yorkeys Knob QLD
Cairns Northern Beaches Consistent Performer
Caretaking Only Management Rights for Sale
- Guaranteed BC salary of $66,605 inclusive GST
- Only requires 1 person to do the duties and can be working with a job as well
- Tropical Location near gold and sandy beaches
- Expansive 3 bedroom managers residence, with great balcony area and a 10sqm cage.
- Double office on-title, downstairs from residence
- 3 bed unit and office rents for $350 per week
- Supportive committee and owners
- 16 years left on rights, with scope to top up to 21 Years at next BC meeting
- Resort style pool and BBQ area
- No set hours required, would suit a semi-retired couple, looking to slow down and fish and play golf.
- Minutes from all shopping, medical services, and International Airport
Solid Long-Term Income with Excellent Lifestyle
Net Profit: $70,000
Price: $600,000
More Information
- Total Purchase Price: $600,000
- Net Income: $ 70,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 395,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.9
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?