Biggera Waters, Queensland

Caretaking Only Business $615,000 Unit $795,000

Under Contract / Offer

Business Description

Waters Edge on the Broadwater was built in 2006 to meet high standards, making it a unique property on the Gold Coast. It's a Caretaking Only permanent complex that offers stunning views over the Broadwater. Finding modern waterfront permanent complexes on the Gold Coast is a rare occurrence, making this Management Rights business a rare find that ticks all the boxes.
The salary for the Body Corporate is a robust $136,506, and the workload for caretaking is efficiently handled by a single individual who currently owns and operates the complex.

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $136,506 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 Complex: 57Agreement Term: 25 yearsAgreement Term Remaining: 23 years

Marketing Agent

Paul Mueller

0439 25....

Ras360

Key Investment Insights

Key insights:

1. Rare opportunity: The Waters Edge on the Broadwater complex is a rare find on the Gold Coast, as it is a modern waterfront permanent complex. This makes it a unique and desirable property for potential buyers.

2. High standards: The complex was built in 2006 to meet high standards, ensuring that it is a well-maintained and attractive property for residents.

3. Caretaking only business: This is a caretaking only business, meaning that the workload is efficiently handled by a single individual. This makes it an ideal opportunity for someone looking for a manageable and low-stress business.

4. Stunning views: The complex offers stunning views over the Broadwater, which is a major selling point for potential buyers.

5. Strong salary: The salary for the Body Corporate is a robust $136,506, making this a financially attractive business opportunity.

6. Single owner-operator: The complex is currently owned and operated by a single individual, highlighting the manageable workload and potential for a single owner-operator to run the business.

7. Manager's unit: The manager's unit is valued at $795,000 and offers 2 bedrooms, 2 bathrooms, and 2 car spaces. This provides a comfortable and convenient living situation for the manager.

8. Permanent complex: The complex is a permanent complex, meaning that all units are occupied by long-term residents. This provides stability and consistent income for the business.

9. Long agreement term: The agreement term for the complex is 25 years, with 23 years remaining. This provides security and stability for potential buyers.

10. Potential for growth: With only 57 units in the complex, there is potential for growth and expansion in the future. This makes it an attractive investment opportunity for potential buyers.

Management Rights Multiplier: 4.51
ROI Estimate: 22.20%