Biggera Waters, Queensland

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

$1,410,000

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: $1,410,000 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
Paul Mueller

RAAS Property Group

RAAS Property Group

Key Investment Insights

1. Rare opportunity to purchase a modern waterfront permanent complex on the Gold Coast.
2. High standards and stunning views make Waters Edge on the Broadwater a unique property.
3. Caretaking Only business with a strong Body Corporate salary of $136,506.
4. Efficiently managed by a single individual.
5. Managers unit valued at $795,000.
6. 2 bedrooms, 2 bathrooms, and 2 car spaces in the managers unit.
7. Permanent complex with 57 units.
8. Long agreement term of 25 years with 23 years remaining.
9. Net profit of $136,506.
10. Total sale price of $1,410,000.

Management Rights Multiplier: 4.51
ROI Estimate: 22.20%

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