Biggera Waters, Queensland

Easy To Manage MR COMPLEX + Topped Up Agreements

Price Adjustment to $1,350,000

Business Description

RAAS presents an exceptional opportunity to acquire a well-established Management Rights business in the picturesque and highly sought-after suburb opposite The Broadwater.

This property offers an easy-to-manage complex with a positive Body Corporate. It is an ideal investment for those seeking a good net profit backed by a solid Body Corporate salary.

One of the key highlights of this property is the ability to earn extra income via owner repairs and maintenance. This provides an additional revenue stream, making this investment even more lucrative.

Uninterrupted ocean views from every apartment
32 units - 16 in the current letting pool
Lifestyle flexibility with no set office hours
2-bed, 2-bath residence with private balcony
Investors enjoy good solid returns on their investment units
Sizeable separate office and reception on title with no set office hours
Facilities include a pool, outdoor spa, BBQ area, secure parking and storage areas
Inspections by appointment only

Business Summary

Business Snapshot

Price: Price Adjustment to $1,350,000 Net Profit: $175,070 Remuneration / Body Corp Salary: $54,119

Managers Unit

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

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 32Total Units in Letting Pool: 16Holiday Units: 16Owner Occupy Units: 6Outside Agent Units: 10Agreement Term: 25 yearsAgreement Term Remaining: 19 years

Marketing Agent

Laura Langford

0401 12....

Paul Mueller

0439 25....

RAAS Property Group

Key Investment Insights

1. Well-established Management Rights business in a highly sought-after suburb
2. Positive Body Corporate with an easy-to-manage complex
3. Ability to earn extra income through owner repairs and maintenance
4. Uninterrupted ocean views from every apartment
5. 32 units in total, with 16 in the current letting pool
6. Lifestyle flexibility with no set office hours
7. 2-bed, 2-bath residence with private balcony
8. Good solid returns on investment units for investors
9. Sizeable separate office and reception on title with no set office hours
10. Facilities include a pool, outdoor spa, BBQ area, secure parking, and storage areas
11. Price adjustment to $1,350,000
12. Net profit of $175,070
13. Remuneration/Body Corp salary of $54,119
14. Value of Managers Apartment: $650,000
15. Complex type: Resort/Holiday
16. Total units in complex: 32
17. Total units in letting pool: 16
18. Holiday units: 16
19. Owner occupy units: 6
20. Outside agent units: 10
21. Agreement term: 25 years
22. Agreement term remaining: 19 years

Management Rights Multiplier: 4.00
ROI Estimate: 25.01%