Ashmore, Queensland

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

$1,835,000

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 $115k + GST pa

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

* No Set Office Hours

The letting pool comprises of 30 townhouses in the letting pool (includes 2 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: $209,290

Property Code: 91

Business Summary

Business Snapshot

Price: $1,835,000 Net Profit: $209,290 Remuneration / Body Corp Salary: $115,233Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $880,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

3 Bedroom, 2.5 bathroom, 1 Garage, 1 car space

Complex Information

Complex Type: PermanentTotal Units in Complex: 68Total Units in Letting Pool: 30Owner Occupy Units: 28Outside Agent Units: 9Manager 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

1. Asking price $1,835,000, with listed net profit $209,290.
2. Strong body corporate salary advertised as over $115,000 plus GST per annum, remuneration figure also shown as $109,573, with CPI annual reviews.
3. Permanent management rights agreement term 25 years, with 23 years remaining, providing long term contract stability.
4. Letting pool comprises 30 townhouses, including 2 outside lets, within a total complex of 68 units.
5. Clear upside to grow income by bringing in units currently managed by outside agents, nine outside agent units identified.
6. Manager’s townhouse valued at $880,000, featuring 3 bedrooms, 2 bathrooms, 2 car spaces, and an onsite office registered on title.
7. No obligation to reside onsite; manager’s unit currently leased at $800 per week, offering rental income or owner occupancy flexibility.
8. No set office hours for the management role, allowing flexible operating arrangements.
9. Complex amenities include pool, BBQ area and tennis court, supporting tenant appeal and retention.
10. Location central on the Gold Coast, close to TAFE, public transport, shopping centres and parks, aiding consistent demand.
11. Positioned within Benowa State High School catchment and moments from Bellevue Park State School, supporting family tenant market and stable occupancy.
12. High proportion of owner occupied units, 28 owner occupy units, which can enhance community stability and reduce turnover.

Management Rights Multiplier: 4.56
ROI Estimate: 11.41%