PRICE REDUCED! GREAT MANAGEMENT RIGHTS BUSINESS IN SURFERS PARADISE! With a multiplier of only 3.2!
These Management Rights offer a great opportunity. It already creates a 6-figure net profit with the potential for more.
There are a total of 30 units with 10 in the letting pool and 11 with outside agents. This offers great potential to grow your letting pool and your income. The Body Corporate is supportive in helping the on-site managers.
The grounds are low maintenance with a large BBQ and entertaining area with wonderful heated swimming pool on the river's edge.
The Management Rights show a Net Profit of over $112,000
Unit Price: $240,000
Business Price: $360,000
Total Price: Offers over $600,000
Price: Offers Over $600,000
Net Profit: $112,000 Remuneration / Body Corp Salary: $47,541
Managers UnitValue of Managers Apartment: $240,000Bedrooms: 1
Complex InformationComplex Type: ResortTotal Units in Complex: 30Total Units in Letting Pool: 10Holiday Units: 10Owner Occupy Units: 9Agreement Term: 25 yearsAgreement Term Remaining: 18 years