Arundel, Queensland

PERFECT LIFESTYLE MR WITH SOLID INCOME IN ARUNDEL | Resort Brokers ID : MR006835

$1,215,000

Property Description

We are delighted to bring to market the management rights and manager's residence to Valencia Villas. An exceptional opportunity for an astute purchaser looking for a highly manageable business, with a solid net income, underpinned by lengthy agreements and located in a great Gold Coast suburb.



  • Well-maintained townhouse complex located at the end of a quiet cul-de-sac

  • Townhouse complex comprises 59, with a large, free-standing manager's house

  • Healthy BC salary of $77,490

  • Currently 26 units in the onsite letting, 9 outside agents and 24 owner occupiers

  • Upside opportunity to convert outside agents into the pool

  • Manageable caretaking workload with easy to maintain gardens & pool

  • Newly topped up Agreements to 22 years

  • High calibre existing residents, plus supportive & friendly committee

  • Fantastic, renovated manager's 3 bedroom house with office on a big block with wraparound gardens

  • Situated in the popular family suburb of Arundel, Gold Coast.

Date updated: 01 Dec 2021 00:00:07

Property Summary

Business Snapshot

Price: $1,215,000 Net Profit: $126,000 Remuneration / Body Corp Salary: $77,490

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 3Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 59Total Units in Letting Pool: 26Holiday Units: 26Owner Occupy Units: 24Outside Agent Units: 9Agreement Term Remaining: 20 years
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