Biggera Waters, Queensland

Topped up Agreements Ready to sell, with no office hours!

Under Contract / Offer

Business Description

RAAS present the opportunity to acquire Management Rights in the heart of one of the Gold Coast's most popular holiday destinations.

The business has a Net Profit of $144,899 inclusive of a generous $136,506 caretaking remuneration, with solid upside potential for the pro-active manager. There is a strong demand for permanent waterfront rentals in Biggera Waters with low turnover and minimal vacancy rates, so don't miss your chance.

With a 2 Bedroom and separate office, no requirement to reside onsite and no fixed office hours, this permanent let management rights provides an incredible opportunity on the Iconic Southport Broadwater.
• Exclusive use of manager's office on title
• No requirement to own or reside on-site.
• 8 units in the permanent letting pool.
• Easily managed caretaking - low maintenance facilities
• 58 two- and three-bedroom apartments
• High-quality mid-rise building with minimal facilities

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $144,899 Remuneration / Body Corp Salary: $136,506

Managers Unit

Value of Managers Apartment: $795,000Bedrooms: 2Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Letting Pool: 8Owner Occupy Units: 42Outside Agent Units: 4Lockup Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 23 years
Marketing Agent
Paul Mueller
Paul Mueller

Key Investment Insights

1. Net profit of $144,899 with potential for growth.
2. Exclusive use of manager's office on title.
3. No requirement to reside on-site.
4. No fixed office hours.
5. 8 units in the permanent letting pool.
6. Low maintenance facilities.
7. High-quality mid-rise building with minimal facilities.
8. Strong demand for permanent waterfront rentals in the area.
9. Low turnover and minimal vacancy rates.
10. 2 Bedroom and separate office included.
11. Manager's apartment valued at $795,000.
12. 25-year agreement with 23 years remaining.
13. Prime location in the heart of a popular holiday destination.
14. Opportunity for a pro-active manager to increase profits.
15. Potential for additional income through outside agent units.
16. Lockup units included in the complex.
17. Potential for growth in the permanent rental market.
18. No requirement to own or reside on-site.
19. Opportunity to live off-site and manage the property remotely.
20. Strong potential for a successful and profitable management rights business.

Management Rights Multiplier: 4.52
ROI Estimate: 22.12%

Listing location
Gallery

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