EARN BIG WITH THIS NEW MLR BUSINESS-ONLY IN NEWPORTâS MASTERPLAN | Resort Brokers ID : MR008330

$1,400,000

Permanent Management Rights, NEWPORT QLD

Heres your perfect chance to secure a lucrative business-only management rights with a high net profit and work with flexibility in a serene coastal setting!

This is a newly established permanent caretaking and management rights business overlooking Newport Lake on the Redcliffe Peninsula and roughly 30 minutes from Brisbane airport.

Net profit $256,224 per annum
No real estate to own or requirement to live onsite
No set office hours giving managers great flexibility in running the business
Large 38sqm office and 16sqm storage both under Occupational Authority
Body corporate salary of $178,646 per annum
24 years remaining on accommodation module caretaking and letting agreements
Total of 124 lots with a combination of poolside villas, townhouses and apartments
Letting pool has 20 units under permanent rental
Future upside with switchover to investor-led apartments
Gorgeous water viewsfrom apartments and some private marina berths
Podium level swimming pools with landscaped gardens and outdoor seating
350m walk to Marketplace with supermarkets, key retailers, gym and cafes
Inspections by appointment only
Date updated: 17 Nov 2024 22:00:03

More Information

Financial Overview

Total Purchase Price: $1,400,000
Net Income: $ 256,224 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 0
_{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.}

Letting Business

Letting Pool: 20
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 100
_{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: 4
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 124
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 178,646
_{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: 25 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Nil
_{Required Office Hours}

Complex Features: Common area lobbies, lifts, solar panels. Car parking over 2 levels (stage 1- 146 spaces, stage 2 - 106 spaces. Podium level swimming pool, BBQ&seating area, bathroom&storage area Marina Berths (22 stage 1, 10 stage 2) Stage 2 has a OA for a managerâs office located off the entrance thoroughfare