Proudly supported by all of the industry's leading brokers
Riverfront and City Living!!
$775,000
Resort / Holiday management rights, Surfers Paradise QLD
This complex has a fantastic location! Out of the hustle and bustle of Surfers, and set alongside the Nerang River, this complex is just a 5-minute walk from the heart of Surfers Paradise and Cavill Mall. It offers a swimming pool and free private parking.
Each of the air-conditioned apartments offers a well-equipped kitchen, laundry facilities and a spacious living area with a sofa suite and dining setting. Some apartments offer a balcony or backyard. There is also an outdoor BBQ area. Free Wi-Fi is also available. Images might not depict this complex.
With public transport close by one will rarely need to use your car as Pacific Fair, the Star Casino and the popular Broadbeach dining precinct are approximately 10 minutes away.
The managers unit offers 2 bedrooms and 2 bathrooms, fully equipped and functional kitchen serving a dining and living area, with access to an on title office. Ample storage with one secure car park, and secure access to the building.
To arrange an inspection call: Gavin - 08854 or email:
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
More Information
- Total Purchase Price: $775,000
- Net Income: $ 73,500
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 540,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.2
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?