Retiring Seller - Owner Must Sell!
$900,000
Retirement management rights, Greater Gold Coast Region
Located in picturesque Currumbin Waters, this immaculately presented townhouse together with an ideal entry-level management rights business providing enviable lifestyle with a steady income, flexible and low working hours.
This retirement community consists of permanent 51 townhouses/villas/units and boasts amenities such as two pools, a resort building with a gymnasium, kitchen facilities, a snooker room, a library, and BBQ areas plus a range of popular services such as a medical centre, chiropractor, dentist, cafe and law firms.
Key features of the opportunity:-
Extremely motivated seller
Distinctive manager's double-storey townhouse features 3 bedrooms, 2 bathrooms, a garage, air conditioning and a spacious private courtyard
$80,000* p.a. Caretaker Salary
Annual salary review by CPI mechanism (increase only)
4.5 years* left on management agreements (expiry at 11 August 2028)
Body Corporate are welcoming change of management and will top up the agreement term for the approved buyer
Surrounded by abundant amenities for retirement living
Convenient location near the M1, shopping centres, and various schools
Your option to value-add by commencing a letting pool and selling properties in the village
The retirement village has been a passion project for the current operator and is now a perfect opportunity for the new owner as an easy-lifestyle income or as a second income stream.
My Seller is not testing the market, this will be sold.
An absolute must to inspect. Contact the selling agent now!
*Approx.
Disclaimer: The above information has not been verified. We advise you confirm the accuracy of details before entering into a contract. Amir Prestige and its employees cannot be held responsible for any inaccurate details supplied here.
More Information
- Total Purchase Price: $900,000
- Net Income: $ 79,500
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 700,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.5
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?