Biggera Waters, Queensland

OUTSTANDING PERMANENT MR COMPLEX IN GREAT LOCATION

$3,000,000

Business Description

Don't miss the opportunity to secure this fantastic permanent MR complex located only metres to the Gold Coast's popular Broadwater.

- 156 lots consisting of 3 bedroom townhouses and 2 and 3 bedroom units

- 3 bedroom, 2 bathroom managers residence, ducted air conditioning, 2 car parks

- Large office on title with additional rear office space, air conditioned, kitchenette and toilet.

- No set office hours in agreements

- No requirement to live onsite

- 25 year Accommodation module agreements with 20 years to run, Body Corporate remuneration $228,512.

Complex facilities include 2 swimming pools, steam room, spa, media room, gym, security gated.

There is huge potential to increase the net profit with internal real estate sales, 20 outside agents and a maintenance minded purchaser.

Net Profit $405,027

Call now for further information or to arrange an inspection.

Property Code: 1276

Business Summary

Business Snapshot

Price: $3,000,000 Net Profit: $403,519 Remuneration / Body Corp Salary: $218,355Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $750,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 156Total Units in Letting Pool: 55Owner Occupy Units: 80Outside Agent Units: 20Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: YesFunction Facilities: Yes

Marketing Agent

Scott Saunders

Premier Business Sales

Key Investment Insights

Key Insights:

1. Prime location: The complex is located only meters from the popular Broadwater on the Gold Coast, making it a highly desirable location for potential buyers.

2. Large number of units: The complex consists of 156 units, providing a steady stream of income for the manager.

3. Manager's residence: The manager's residence is a spacious 3 bedroom, 2 bathroom unit with modern amenities and 2 car parks.

4. Office space: The complex includes a large office on title with additional rear office space, providing a professional and comfortable working environment for the manager.

5. Flexible working hours: The agreements do not have set office hours, allowing for a more flexible work schedule for the manager.

6. No requirement to live onsite: The manager is not required to live onsite, providing more freedom and flexibility for the manager.

7. Potential for increased profit: There is potential to increase the net profit through internal real estate sales, outside agents, and a maintenance-minded purchaser.

8. Accommodation module agreements: The complex has 25-year accommodation module agreements with 20 years remaining, providing stability and security for the manager.

9. Excellent facilities: The complex offers a range of facilities including 2 swimming pools, a steam room, spa, media room, and gym, making it an attractive option for potential buyers.

10. Pet-friendly: The manager's unit is pet-friendly, providing a desirable option for pet owners.

11. Strong net profit: The net profit for the complex is $405,027, making it a highly profitable business opportunity.

12. Manager's unit value: The value of the manager's apartment is $750,000, providing a valuable asset for the manager.

13. Large number of owner-occupiers: The complex has 80 owner-occupier units, providing a stable and secure community for residents.

14. Long-term agreement: The 25-year agreement term with 20 years remaining provides stability and security for the

Management Rights Multiplier: 5.58
ROI Estimate: 17.93%