Andergrove, Queensland

Exclusive - 1.86 Multiplier with 3-Bedroom Residence – ID 9144

$580,000

Business Description

Retirement Village Management Rights for Sale
No Facilities - What a Bargain for Quick Return!

- No set office hours.

- No pool, BBQ, or facilities to maintain, meaning the manager's workload is limited to minimal garden maintenance.

- Body corporate salary of $86,376 plus GST.

- Net operating profit of $123,438.

- All permanent rentals with a letting pool of 35 out of a total of 38 units, with 1 managed by an outside agent.

- Long-term agreement of 20 years, with 18 years remaining.

- Large manager’s residence with 3 bedrooms, 2 bathrooms, and 1 car park.

- Manager's exclusive use office of 20 square meters.

- Potential for further business upgrades.

- Total asking price of $580,000 (including large 3-bedroom manager's unit).

If you want a quick and good return on business, look no further. You won’t find this kind of super deal anywhere else.

Net Profit: $123,438
Asking Price: $580,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:
Exclusive Management Rights Broker
Bill He

Property Code: 822

Business Summary

Managers Unit

Complex Information

Key Investment Insights

- The business has a multiplier of 1.86, making it a great deal for potential buyers.
- The sale includes a 3-bedroom residence for the manager, providing a comfortable living space.
- There are no set office hours, allowing for a flexible work schedule.
- The manager's workload is limited to minimal garden maintenance, as there are no facilities to maintain.
- The body corporate salary is $86,376 plus GST, providing a steady income for the manager.
- The net operating profit for the business is $123,438, making it a profitable venture.
- The letting pool consists of 35 out of 38 units, with only 1 unit managed by an outside agent.
- The business has a long-term agreement of 20 years, with 18 years remaining.
- The manager's residence is a large 3-bedroom unit with 2 bathrooms and 1 car park.
- The manager also has exclusive use of a 20 square meter office space.
- There is potential for further business upgrades, providing opportunities for growth.
- The total asking price of $580,000 includes the large 3-bedroom manager's unit, making it a great value for buyers.
- This is a rare opportunity to find a business with such a quick and good return on investment.
- The business is located in the Gold Coast, a highly sought-after area for retirement living.
- For further information or to arrange an inspection, interested buyers can contact the exclusive management rights broker, Bill He.
- Property code: 822.
Listing location
Gallery

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