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SUNSHINE COASTS BIGGEST PERMANENT WITH NET OVER $1.1M | Resort Brokers ID : MRB008206
$8,000,000
Permanent Management Rights, SIPPY DOWNS QLD
ResortBrokers presents an outstanding opportunity to secure a closeknit portfolio of established management and letting rights in a blossoming region of the Sunshine Coast, close to key amenity, transport and education. This lucrative compilation of permanent let apartments is a genuine business-only that required no real estate to buy, and offers a verified net profit exceeding $1.1m.
- Combination of 2 and 3 bedroom apartments
- Verified net profit from industry specialist accountant of $1,152,885 p.a.
- Substantial Body Corporate salary of $553,549 p.a.
- No real estate to own and no requirement to live on-site
- No set office hours in Agreements
- Current management in place that can be retained with the business
- 25 year Caretaking and Letting agreements with long tenure remaining
- Multiple office spaces& various storage rooms all under Occupational Authority
- Facilities include swimming pools& BBQ areas, gym, secure parking& visitor bays.
- All inspections by appointment only
Date updated: 17 Nov 2024 22:00:03
More Information
- Total Purchase Price: $8,000,000
- Net Income: $ 1,152,885
(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.
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