Proudly supported by all of the industry's leading brokers
0.3 Multiplier in Mermaid Beach - ID 7829
Highly Popular Mermaid Beach
Resort / Holiday management rights, Mermaid Beach QLD
Mixed Management Rights for Sale
Buy an Apartment, Receive $56,138 + GST Salary Almost Free
- Very easy-to-manage business in the highly popular Mermaid Beach.
- Exceptional income upside potential.
- Holiday and permanent mixed complex.
- 25-year long agreement with 15 years remaining.
- Multiplier: 0.00
- Stable body corporate salary of $56,138 plus GST, with CPI increases every year.
- Very simple duties offering a semi-retirement lifestyle.
- Caretaking only, with no requirement for a real estate licence, trust account registration, or property management software subscription. A straightforward, low-cost operation that is easy to manage onsite.
- Boutique Manager's apartment featuring 2 bedrooms, 2 bathrooms, and 1 secure car space. Spacious dining and living areas with modern kitchen, private courtyard, and air conditioning.
- Professional office attached on title. Additional manager-exclusive large storage and car space.
- Extremely convenient locationclose to shops, tram stop, beach, restaurants, pharmacy, medical centre, and major shopping centres.
- Seller has other business commitments, resulting in an urgent sale.
Net Profit: $56,138 (*BC Salary Only)
Asking Price: $980,000
(Inclusive of Managers Real Estate)
More Information
- Total Purchase Price: Highly Popular Mermaid Beach
- Net Income: $ 56,138
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 980,000
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?