Biggera Waters, Queensland
Price Reduction - Gold Coast - ID 8562
$2,846,500
Business Description
Permanent Management Rights For Sale
Close To The Broadwater
- Large, well maintained gated estate
- 158 units in the complex with 56 in the letting pool
- Body Corporate salary over $228,000
- Long agreements with over 21 years remaining
- Resort style facilities, 2 pools, spa, sauna, BBQ etc
- 3 bedroom, 2 bathroom manager's residence with 2 car parks
- Office/reception is attached and on title
- There are no set office hours
- REI Master trust accounting software
- The manager's residence is currently rented at $600 per week
The complex is conveniently located close to the Gold Coast Broadwater, just minutes by water taxi to Seaworld and Marina Mirage. Easy access to shopping, dining and entertainment at Harbourtown.
Net Profit: $405,027
Reduced Asking Price: $2,856,500
(Inclusive of manager's real estate)
For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:
Management Rights Brokers
Phil Trimble and Gerard Dixon
Property Code: 843
Business Summary
Key Investment Insights
1. The complex is a large, well-maintained gated estate with 158 units in total.
2. There are 56 units in the letting pool, providing a solid income stream for the manager.
3. The body corporate salary is over $228,000, providing a steady source of income.
4. The agreements are long with over 21 years remaining, providing stability and security for the manager.
5. The complex offers resort-style facilities, including 2 pools, a spa, sauna, and BBQ area.
6. The manager's residence is a spacious 3 bedroom, 2 bathroom unit with 2 car parks.
7. The office/reception is attached and on title, making it convenient for the manager to run the business.
8. There are no set office hours, allowing for flexibility in managing the complex.
9. The manager uses REI Master trust accounting software, making bookkeeping and financial management easier.
10. The manager's residence is currently rented at $600 per week, providing additional income for the manager.
11. The complex is conveniently located close to the Gold Coast Broadwater, with easy access to shopping, dining, and entertainment.
12. The asking price has been reduced to $2,856,500, making it an attractive investment opportunity.
13. The net profit for the business is $405,027, providing a strong return on investment.
14. The business is listed with experienced Management Rights Brokers, Phil Trimble and Gerard Dixon.
15. The property is code 843.
