PRICE DROP - Permanent Management Rights for Sale - ID 9084

$1,599,999

Permanent management rights, Mudjimba QLD

Sunshine Coast Management Rights For Sale
Sunshine Coast Beach Suburb

Do you enjoy gardening and the outdoors, with limited time required in the office? Then this could be the management complex for you.

- Gated Townhouse & Villa estate
- Strong body corporate salary $175,000
- No office hours in agreement
- Accommodation module recently renewed with 25 years remaining
- 120 townhouses in complex with 30 in the permanent letting pool
- Opportunity to grow permanent letting pool
- Walk to shops and nearby beachfront
- Spacious 2-bedroom managers residence with option to ad 3rd bedroom
- Large reception and offices

Close to all that the Sunshine Coast has to offer, beautiful beaches, golf course, shopping and the Airport only 10 minuities away.

First time offered from the developer since construction.

Net Profit: $229,758
Asking Price: $1,599,999
(Inclusive of manager's real estate)

More Information

Financial Overview

Total Purchase Price: $1,599,999
Net Income: $ 229,758 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 545,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.6
_{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.}

Letting Business

Letting Pool: 30
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 77
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 15
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 122
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 188,820
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 15 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 28 years
_{How long has the management rights existed.}

Office Hours: No office hours
_{Required Office Hours}

Complex Features: Lagoon style swimming pool, barbeque facilities, covered outdoor entertaining area, two full tennis courts, golf chipping green, childrens playground, foxtel, wireless internet