Management Rights – Are they for You?
PRDnationwide Management Rights Gold Coast is the first PRDnationwide franchise dealing exclusively in the specialist field of brokering acquisitions and sales of Management Rights.
Management Rights on Queensland's Beautiful Gold Coast presents an opportunity for you to operate a business from the comfort of your own home and at the same time become an Investor in Australia's fastest growing city.
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Your role is to be caretaker and letting agent, residing in your own on-site residence in one of the hundreds of Town House, Home Unit or Condominium developments on the Gold Coast.
You can choose between a resort style Holiday Complex, a Permanently tenanted complex, or a combination of both.
Remuneration to you is by way of a monthly Body Corporate Salary boosted by commissions payable to you by unit owners. Other sources of income are also available (particularly in Holiday Complexes) through Cleaning and Hiring charges, Tourist Agencies and so on.
We can assist you in choosing your preference by preparing for you a cash flow analysis with particular emphasis on your lifestyle, ensuring that the income from your business is sufficient to service any borrowings you may require, while comfortably ensuring adequate funds for a continued lifestyle.
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Finance to purchase Management Rights is readily available from the Major Banks and is usually limited to 80% of the value of your own unit in the complex together with 50% of the Business Purchase Price plus set-up costs.
Contracts to Purchase are usually subject to the following conditions-:
Written approval of finance by your lender of choice.
Approval by the Body Corporate. (generally your resume and written references are required for an interview with the Body Corporate appointed committee)
Issue of a Restricted Letting Agent's Licence by Queensland's Department of Fair Trading. To qualify for this Licence you will need to complete the required Level of Education at a course with the Real Estate Institute of Queensland (REIQ) or the College of TAFE. These courses usually entail two weeks full time study.
Due Diligence-: Verification of declared income to the business by a practicing accountant. Legal Due Diligence to ensure the Body Corporate Agreement and Letting Agreements are compliant and all Titles are correct.
Handover - Upon settlement a period of usually two weeks would be required of the vendor to be available to assist with training and a smooth transition.
Investment Potential:
Subject to market conditions, healthy Capital Gains may be expected from:
Rising real estate values
Increase in tariffs and commissions
Indexed Body Corporate Salary
30 years experience in Financial Services is now available to you at PRDnationwide Management Rights Gold Coast, to determine your suitability to Management Rights and an obligation free Cash Flow Analysis. Why not set up an appointment now in the comfort of your own home?
Our dedication to the task and after sales service is unsurpassed in the industry.
The PRDnationwide Management Rights Team
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Colin Vincent
Consultant, Colin has been consulting in the Management Rights Industry for six years now following a background of 32 years in the financial services industry.
His history in the financial planning industry provides him with the necessary skills required to determine capacity and suitability of prospective purchasers of Management Rights.
His comprehensive knowledge of the Legal, Accounting and Body Corporate procedures, enables him to liaise effectively with the purchaser's appointed professionals, assisting in a smooth conveyance.
Colin and his wife Sharyon have enjoyed hands on experience as on site managers of a very busy holiday resort. He is currently studying for a diploma of Financial Services which should serve him well in the Management Rights Industry. He is also accredited in Mortgage and Insurance Broking relative to the Management Rights Industry |
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Lois King
Lois has also been actively involved in the Real Estate Industry for more than 20 years.
Her skills and experience in the efficient handling of contracts and other correspondence, together with office procedure and staff management ensure a smooth conveyance of your business. |
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Jeremy King
Principal Licensee of PRD Nationwide Management Rights Gold Coast,
Jeremy has been in the Real Estate business for more than 24 years the last 18 as principal licensee of PRD Nationwide at Southport.
He has been recently active in negotiating sales of Management Rights businesses and now sees a need in the industry for a highly professional team of consultants to bring together genuine sellers and pre qualified buyers using his management skills and experience to nurture a satisfactory result for all parties.
Jeremy is an active Rotarian and an honorary coach of The Southport School Rowing Team. |
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