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Surfers Paradise Supervisory Management Rights
$1,720,000
Resort / Holiday management rights, Surfers Paradise QLD
Nestled in the vibrant heart of Surfers Paradise this unique supervisory role Management Rights business takes the hard work out of running this complex.
Boasting a lucrative Body Corporate salary, this establishment sets itself apart by alleviating the burdens of day-to-day operations. The Body Corporate generously covers essential services including public area cleaning, gardening, pool maintenance, and office utilities, empowering new owners to focus on strategic growth of the letting business.
This charming three storey walk up features a heated outdoor pool, BBQ area, and convenient underground parking. The spacious air-conditioned residence encompasses a large 2-bedroom layout, complete with a versatile study/office, 1 bathroom, 2 toilets, and a car space, complemented by a bonus storage area for added convenience.
The diverse letting pool comprises of 10 holiday units and 25 permanent residences with ample opportunity to expand by reclaiming 23 units currently managed by external agents.
As the current owners prepare to embark on their well-deserved retirement after 13 years of ownership, the opportunity exists for new owners to grow this business further.
Seize the chance to view this business today!
Net Profit: $275,000
Property Code: 55
More Information
- Total Purchase Price: $1,720,000
- Net Income: $ 275,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 600,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.1
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?