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Waterfront lifestyle. No Office Hours management rights
MR $830k + UNIT $720k = $1.55M
Permanent Management Rights, BURLEIGH WATERS QLD
Great management rights opportunity in the heart of Burleigh Waters, One of the Gold Coast's most sought-after and tightly held lifestyle suburbs. With over 19 years remaining on the agreements and no set office hours, this is a genuine lifestyle business that gives you the freedom to enjoy everything this incredible location has to offer, whether that's a morning surf at Burleigh Beach, a long lunch on James Street, or simply the satisfaction of running a quality business in one of Southeast Queensland's most desirable postcodes.
The manager's unit is a well-appointed 2-bedroom, 2-bathroom apartment currently tenanted, meaning rental income from day one while you get established.
Burleigh Waters is the kind of suburb people move to and never leave. Minutes from world-famous Burleigh Beach and the iconic James Street caf and dining strip home to some of the Gold Coast's best restaurants, boutique shops, and a buzzing weekend market scene it also offers easy access to Stocklands Shopping Centre, top-rated public and private schools, and the M1 for a smooth commute north to Brisbane or south to Coolangatta and the airport. The waterway and lake network throughout the suburb adds to the relaxed, lifestyle-first feel that makes this part of the Gold Coast so special.
The business itself is underpinned by solid body corporate remuneration, good agreements, and a long tenure that gives any incoming operator genuine confidence and security from day one. Whether you're a first-time buyer looking for the right entry point into the industry or an experienced operator adding a quality Gold Coast asset to your portfolio, this one is well worth a closer look.
**Ras360 Specialists in Motels | Hotels | Pubs | Parks | Management Rights **
More Information
- Total Purchase Price: MR $830k + UNIT $720k = $1.55M
- Net Income: $ 210,094
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 720,000
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.
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?