Ashmore, Queensland

Permanent Management Rights - Flexible Living Options – No Requirement to Reside Onsite

$1,908,000

Business Description

This central Gold Coast permanent management rights business is an outstanding opportunity for an incoming operator seeking a secure and profitable lifestyle investment.

Set within a secure gated townhouse complex, residents enjoy amenities including Pool, BBQ Area, Tennis Court.

* Strong Body Corporate Salary of over $109k + GST pa

* Supportive Body Corporate with recent topped up agreements to 23 years

* No Set Office Hours

The letting pool comprises of 31 townhouses in the letting pool (includes 3 outside lets)

There is also genuine potential to grow the income by attracting additional rentals currently managed by outside agents within the complex.

The manager’s townhouse includes 3 bedrooms, 2 bathrooms, 2 car spaces, and an onsite office. Importantly, there is no obligation to reside onsite, allowing maximum flexibility. The property is currently leased at $800 per week, giving the incoming buyer the choice to either live onsite or enjoy additional rental income.

The business operates within a popular gated townhouse community, ideally located close to TAFE, transport, shopping centres, and parks. It is also positioned within the sought-after Benowa State High School catchment and only moments from Bellevue Park State School – ensuring ongoing tenant demand and consistent occupancy.

This is a fantastic opportunity to acquire a well-established permanent management rights business with strong income, lifestyle flexibility, and growth potential.

Call Craig today to discuss this opportunity.

Net Profit: $220,089

Property Code: 91

Business Summary

Business Snapshot

Price: $1,908,000 Net Profit: $220,089 Remuneration / Body Corp Salary: $109,573Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $810,000Bedrooms: 3Bathrooms: 2Car Spaces: 3Office: On TitlePets OK: Yes

3 Bedroom, 2.5 bathroom, 1 Garage, 2 car spaces

Complex Information

Complex Type: PermanentTotal Units in Complex: 68Total Units in Letting Pool: 31Owner Occupy Units: 27Outside Agent Units: 7Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesTennis Court: YesBBQ Area: Yes

Marketing Agent

Craig Johnson

Hotel Resort Sales

Key Investment Insights

Key Insights:

1. Strong Body Corporate Salary: The business has a strong body corporate salary of over $109,000 + GST per annum, providing a stable and secure income for the incoming operator.

2. Supportive Body Corporate: The body corporate has recently topped up agreements to 23 years, demonstrating their support and commitment to the business.

3. No Set Office Hours: The business offers the flexibility of no set office hours, allowing the manager to manage their time effectively and have a better work-life balance.

4. Potential for Growth: There is potential to grow the income by attracting additional rentals currently managed by outside agents within the complex, providing an opportunity for increased revenue.

5. Flexible Living Options: The manager's townhouse includes 3 bedrooms, 2 bathrooms, 2 car spaces, and an onsite office. Importantly, there is no obligation to reside onsite, allowing maximum flexibility for the manager.

6. Ideal Location: The business is located within a popular gated townhouse community, close to TAFE, transport, shopping centres, and parks. It is also positioned within the sought-after Benowa State High School catchment, ensuring ongoing tenant demand and consistent occupancy.

7. Well-Established Business: The business is well-established and has a strong net profit of $220,089, providing a solid foundation for the incoming operator.

8. Lifestyle Flexibility: The business offers lifestyle flexibility, with the option to either live onsite or enjoy additional rental income from leasing out the manager's townhouse.

9. Growth Potential: The business has potential for growth, with the opportunity to attract additional rentals and increase revenue.

10. Strong Amenities: The complex offers amenities including a pool, BBQ area, and tennis court, providing a desirable living environment for residents.

Management Rights Multiplier: 4.99
ROI Estimate: 20.04%