First time to market! Sensational business-only MR in buzzing Benowa! | Resort Brokers ID : OTP007996
Exceptional opportunity to secure a landmark asset of an iconic residential Management Rights complex located in the heart of the Gold Coast.
Comprising 328 units in total, with 22 in the existing letting pool (two outside managed) and a further 9 projected permanent lets for the final stage, Vantage Benowa is offered for sale as an existing build for stages 1-3 and Off The Plan for stage 4.
One of the key highlights of this opportunity is a solid Body Corporate Salary of a combined $395,991, coupled with long accommodation module agreements and no set office hours, this business would make an astute acquisition for any experienced manager.
- Acquire the existing build & OTP of a landmark asset
- Be the first to secure brand-new off-the-plan management rights
- Benefit from an impressive Net profit exceeding $354k
- Take over a premium residential management rights complex
- Capitalise on a prime Central Gold Coast location
- Unlock additional income potential through repairs and maintenance and unit letting
- Experience the flexibility of a business-only model with no on site residency requirement
- Operate from a professional property manager’s office with occupational authority
- Inspections are by appointment only
Date updated: 01 Dec 2023 00:00:07
Net Profit: $354,122 Remuneration / Body Corp Salary: $395,991
Complex InformationComplex Type: PermanentTotal Units in Complex: 328Total Units in Letting Pool: 20Holiday Units: 20Owner Occupy Units: 289Outside Agent Units: 10Agreement Term Remaining: 25 years
Key Investment Insights1. Opportunity to acquire a landmark asset in a prime location on the Gold Coast.
2. Combination of existing build and off-the-plan management rights for a total of 328 units.
3. Solid Body Corporate Salary of $395,991 with long accommodation module agreements.
4. No set office hours, providing flexibility for the manager.
5. High net profit of $354,122.
6. Potential to unlock additional income through repairs and maintenance and unit letting.
7. Business-only model with no on-site residency requirement.
8. Professional property manager's office with occupational authority.
9. Inspections are by appointment only.
10. Agreement term remaining for 25 years.