Arundel, Queensland

Seize the Ultimate Investment: Your Dream Home and a Thriving MLR in One Package | Resort Brokers ID : MR006835

$1,225,000

Business Description

Discover an exceptional opportunity to own the Management Rights and manager's residence next door to A.B Patterson College - a stunning 59-townhouse complex located in the sought-after suburb of Arundel on the Gold Coast. This highly manageable business offers a solid net income and a generous Body Corporate Salary of $85,770.

Perfectly located near A.B Patterson College

59 townhouse complex + spacious manager's residence

Generous Body Corporate Salary of $85,770

25 units in the onsite rental pool, six managed by outside agents and 28 owner-occupied

Supportive Body Corporate Committee and Manager

Low maintenance caretaking duties with well-kept gardens and pool

Over 20 years on the agreements

High-quality residents and growth potential

Beautifully renovated three-bed manager's house with office and lush gardens

Ideal location in family-friendly Arundel, Gold Coast

Property inspections are by appointment only

Date updated: 10 Jul 2023 09:07:42

Business Summary

Business Snapshot

Price: $1,225,000 Net Profit: $136,655 Remuneration / Body Corp Salary: $85,770

Managers Unit

Value of Managers Apartment: $675,000Bedrooms: 3Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 59Total Units in Letting Pool: 25Owner Occupy Units: 28Outside Agent Units: 6Agreement Term Remaining: 20 years