Secure High-Net Waterfront Luxury Living
$1,890,000
Resort / Holiday management rights, Surfers Paradise QLD
Mixed Management Rights for Sale
Ample Upgrade Potential in a Prime Location
- Exceptionally high net profit of $187,175.
- Diverse letting pool comprising 11 apartments: 7 holiday, 4 permanent, with 16 managed by outside agents and 15 lockups. This presents significant growth potential and very low risk.
- Body corporate salary of $129,737 plus GST, with CPI adjustments, constituting 70% of the total income.
- Purchase with confidence and minimal concerns.
- Long-term 25-year management agreement with 23 years remaining.
- Efficient and straightforward operations already in place.
- Modern waterfront managers unit featuring 2 bedrooms, 2 bathrooms, a secure car space, air conditioning, and a large private yard.
- Separate, spacious professional office of approximately 30 square meters attached, offering a beautiful and serene working environment.
- Stunning water views and a peaceful modern setting. You'll immediately fall in love with the magnificent building and its beautiful units upon arrival.
- Superb location in a desirable area of the Gold Coast, conveniently close to major roads, public transport, beaches, shops, restaurants, and medical centers.
- Total purchase price of $1,890,000, including the exceptional waterfront managers unit.
Looking for a secure, high-income business combined with luxurious, waterfront, peaceful living? Look no further.
This is the perfect opportunity to make your dream come true.
Net Profit: $187,175
Asking Price: $1,890,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $1,890,000
- Net Income: $ 187,175
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 990,000
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?