Biggera Waters, Queensland

SOLD & SETTLED - ID 8749

SOLD

Business Description

Mixed Letting Management Rights For Sale
SOLD & SETTLED

- 32 apartment complex with 17 in the letting pool

- 12 holiday lets and 5 permanent rentals

- No requirement to live onsite, contactable via phone

- No set office hours, minimal workload

- Rent out the manager's residence for additional income

- The residence is large with 2 bedrooms and 2 bathrooms, lovely courtyard

- Enjoy Broadwater views from both the office and residence

- Very convenient location, short drive to both Harbourtown and Australia Fair

- Well known business with solid 16 year foundation

- Strong holiday bookings

Earn more without living onsite, perfect order in place - must sell!

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Broker

Bill He

Property Code: 517

Business Summary

Business Snapshot

Price: SOLD Net Profit: $170,507 Remuneration / Body Corp Salary: $51,875

Managers Unit

Value of Managers Apartment: $650,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On Title

Large 2 bedroom residence, 2 bathrooms, Enjoy beautiful views of the Gold Coast Broadwater, 2 underground security parking spaces, Lovely courtyard

Complex Information

Complex Type: MixedTotal Units in Complex: 32Total Units in Letting Pool: 17Owner Occupy Units: 8Outside Agent Units: 5Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesSpa: YesBBQ Area: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

1. 32 apartment complex with 17 in the letting pool.
2. 12 holiday lets and 5 permanent rentals.
3. No requirement to live onsite, contactable via phone.
4. No set office hours, minimal workload.
5. Potential for additional income by renting out the manager's residence.
6. Manager's residence is large with 2 bedrooms, 2 bathrooms, and a lovely courtyard.
7. Broadwater views from both the office and residence.
8. Convenient location, short drive to both Harbourtown and Australia Fair.
9. Well-known business with a solid 16-year foundation.
10. Strong holiday bookings.
11. Potential for higher earnings by not living onsite.
12. Perfect order in place, must sell.
13. Net profit of $170,507 and remuneration/body corp salary of $51,875.
14. Manager's apartment valued at $650,000.
15. Complex type is mixed, with a total of 32 units.
16. Agreement module is Accommodation with a term of 25 years, with 18 years remaining.
17. Complex amenities include a pool, spa, and BBQ area.

Management Rights Multiplier: 4.11
ROI Estimate: 24.36%