Northern Gold Coast - Management Rights - Quality Permanent - 1P4263MR
* High quality, gated Town House / Villa complex in a prime northern Gold Coast location with total of 70 properties including waterfront canal homes.
* Secure business with approx. 75% of income coming from Body Corp salary, plus a small letting pool with high rental demand.
* Long term agreements – Accom. module
* No set office hours. Pet friendly complex.
* Large 3 Bed / 2.5 Bath Manager's Villa with double garage. Separate, exclusive use Manager's office and storage.
* Ideal for those looking for a healthy outdoor lifestyle in beautiful surroundings, with facilities including lagoon style swimming pool, spa, gymnasium, tennis Court, BBQ area and boat ramp.
* 17/18 year P & L prepared by Industry Accountant.
Net Profit – $135,464
Business -- $611,545 ( 4.5 x Multiplier )
Manager's Lot $585,000
Total Price $1,196,545
Price: Management Rights $1,196,545
Net Profit: $135,464 Remuneration / Body Corp Salary: $109,000Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $585,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: Exclusive UsePets OK: Yes
Complex InformationComplex Type: n/aTotal Units in Complex: 70Total Units in Letting Pool: 12Permanent Units: 12Owner Occupy Units: 57Outside Agent Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 16 yearsPool: YesSpa: YesTennis Court: YesBBQ Area: YesMarina Berth: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, B:MOTEL, C:QLD - Gold Coast/Brisbane