Create Listing

$2,050,000.00

Permanent management rights, Surfers Paradise QLD

Exclusive permanent residential only complex situated between Surfers Paradise and Broadbeach. Full resort facilities including tennis court, theatre room, gym, spa, sauna, heated pool and a private marina. Manageable duties for one person complemented with a supportive committee. Beautifully renovated managers unit with 2 bed 2 bath unit with 2 car spaces exclusive use storage areas and even a marina berth. Currant net income of $218,688.00 not including unit sales. With 11 units in the rental pool all with great long-term renters making for a light well rewarded workload.

More Information

Financial Overview

Total Purchase Price: $2,050,000.00
Net Income: $ 218,668 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,050,000
_{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.}

Letting Business

Letting Pool: 11
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 55
_{Number of units resided in by their owners.}

Lock Ups: 10
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 76
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 155,357
_{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: 24 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 20 years
_{How long has the management rights existed.}

Office Hours: Nil
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,050,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 0
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: