Benowa, Queensland

Central Gold Coast Permanent Management Rights With Spacious 4 Bedroom Residence

$2,150,000

Business Description

An exceptional opportunity to secure a flexible, low-pressure permanent management rights business in one of Gold Coasts premier suburb. 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 16 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 $133,764 (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: $170,339
Price: $2,150,000

Property Code: 107

Business Summary

Business Snapshot

Price: $2,150,000 Net Profit: $170,339 Remuneration / Body Corp Salary: $133,764Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,250,000Bedrooms: 4Bathrooms: 3Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: n/aTotal Units in Complex: 48Total Units in Letting Pool: 16Owner Occupy Units: 30Outside Agent Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesTennis Court: Yes

Marketing Agent

Craig Johnson

Rebecca Johnson

Hotel Resort Sales

Key Investment Insights

1. Established income profile, net profit $170,339, Body Corporate salary/remuneration $133,764 included in net profit.
2. Price $2,150,000, manager’s residence value stated at $1,200,000, indicating substantial on-title asset value within the sale.
3. Long-dated agreement security, 25-year agreement with 22 years remaining, CPI annual review for Body Corporate salary.
4. Low-pressure, flexible operational model, no set office hours, minimal caretaking requirements.
5. Streamlined operations and documented systems, current owners in residence for 13 years and retiring.
6. Manager’s residence is oversized and high-spec, four bedrooms, three bathrooms over two levels, two-car garage, office on title, solar installed, pets permitted.
7. Complex scale and composition, 48 townhouses total, 16 in the letting pool, 30 owner-occupied units, two outside agent units.
8. Onsite amenities enhance appeal and letting potential, swimming pool and tennis court.
9. Cooperative Body Corporate supporting management, noted as healthy in the listing.
10. Strong, central Gold Coast location, walking distance to Benowa State School, St Kevin’s and Benowa State High, close to Pindara Private Hospital, Royal Pines, Botanical Gardens, Broadbeach and Surfers Paradise.

Management Rights Multiplier: 5.28
ROI Estimate: 7.92%