Biggera Waters, Queensland

High Income & Easy Business - ID 8503

$1,879,000

Business Description

Mixed Management Rights for Sale

Spacious Waterfront Quality Unit

- Very high net profit: $244,268.

- Very simple caretaking duties with a light workload.

- Mixed apartments with a holiday letting pool of 16, permanent residents in 7, outside agents managing 3, and 6 lockups.

- Long-term agreement of 25 years, with 17.5 years remaining.

- Stable and high body corporate salary: $119,478 plus GST with consistent growth aligned with CPI.

- No set office hours, offering super flexible arrangements.

- Always very strong bookings.

- Perfect operation with wonderful contractors in place at a very low cost.

- Newly renovated, quality, spacious 3-bedroom, 2-bathroom manager’s unit, with 1 plus 1 car spaces, air conditioning, and totalling more than 130 square meters.

- Two large balconies with beautiful waterway views at a peaceful waterfront location.

- Spacious and exclusive use of a professional office.

- Wonderful and convenient location, close to Broadwater, waterways, parks, shops, and a major shopping centre, with beautiful surroundings.

- Ample storage available. Pet-friendly building.

- Enjoy beautiful Gold Coast living while earning a high stable income.

- The total price is only $1,879,000 (including the large water-view manager’s unit).

If you want beautiful, spacious waterfront living with a high income, this is an opportunity you can't afford to miss.

Net Profit: $244,268

Asking Price: $1,879,000

(Inclusive of manager's real estate)

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

Management Rights Broker

Bill He

Property Code: 809

Business Summary

Business Snapshot

Price: $1,879,000 Net Profit: $244,268

Managers Unit

Value of Managers Apartment: $795,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: Exclusive UsePets OK: Yes
Newly renovated quality spacious 3 bedrooms, 2-bathroom, 1 plus 1 car spaces manager's unit, with aircons and total more than 130 square meters.

Complex Information

Complex Type: MixedTotal Units in Complex: 65Total Units in Letting Pool: 23Owner Occupy Units: 32Outside Agent Units: 3Lockup Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesSpa: YesTennis Court: YesBBQ Area: YesMarina Berth: Yes

Key Investment Insights

Management Rights Multiplier: 4.44
ROI Estimate: 22.53%

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