Benowa, Queensland

Permanent Management Rights Opportunity - Large Family Residence, No Office Hours, Long Agreement

$1,999,000

Business Description

An exceptional opportunity to secure a flexible, low-pressure permanent management rights business in one of Gold Coasts premier suburbs. This business offers reliable income, minimal caretaking and no set office hours, perfect for anybody looking for a genuine work, life balance.

The current owners are set to retire after making this their home for the past 13 years and as a result have streamlined operations and have all systems in place.
This low maintenance complex features 48 townhouses with 17 in the letting pool. Onsite amenities include Swimming Pool and Tennis Court.

This complex has a healthy 22 years remaining on the agreement and is supported by a cooperative Body Corporate.
A standout feature of this business is the oversized manager’s residence, a rare find boasting four bedrooms, three bathrooms over two expansive levels, plus a two-car garage, an impressive home that must be seen to be appreciated.

Positioned within walking distance of Benowa State School, St Kevin’s and Benowa State High, and close to Pindara, Royal Pines, Botanical Gardens, Broadbeach and Surfers Paradise, this is a smart investment with genuine lifestyle appeal.

Highlights:
* NO set office hours
* 22 years left on the 25 year agreement
* Body Corporate Salary $133,869 (included in net profit below)
* Large 4 bed, 3 bath manager’s residence + Solar
* Strong school catchment location plus centrally located to Pindara Private Hospital
* Proven income with growth potential

This is an ideal lifestyle business, contact Craig today for further details or to arrange an inspection.

Net Profit: $180,000

Business Summary

Business Snapshot

Price: $1,999,000 Remuneration / Body Corp Salary: $133,869Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,200,000Bedrooms: 4Bathrooms: 3Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: n/aTotal Units in Complex: 48Total Units in Letting Pool: 17Owner Occupy Units: 30Outside Agent Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesTennis Court: Yes

Marketing Agent

Craig Johnson

1300 9....

Rebecca Johnson

1300 9....

Hotel Resort Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Flexible permanent management rights business with no set office hours and streamlined systems established over 13 years.
2. Long term agreement has 22 years remaining on the 25 year term, supporting operational continuity.
3. Complex comprises 48 townhouses, including 16 properties in the letting pool and 30 owner occupied units.
4. Body Corporate salary of $133,764 is reviewed annually by CPI, with a cooperative Body Corporate.
5. Oversized manager’s residence offers four bedrooms, three bathrooms, two levels, a two car garage and solar.
6. Onsite amenities include a swimming pool and tennis court, with pets permitted in the complex.
7. Positioned near Benowa schools, Pindara Private Hospital, Royal Pines, Botanical Gardens, Broadbeach and Surfers Paradise.
8. Established letting pool and stated proven income provide a platform for potential growth.