Biggera Waters, Queensland

High Income & Easy Business - ID 8503

$2,140,000

Business Description

Mixed Management Rights for Sale

Spacious Waterfront Quality Unit

- Very high net profit: $299,744.

- Very simple caretaking duties with a light workload.

- Mixed apartments with a holiday letting pool of 22, permanent residents in 6, outside agents managing 3, and 6 lockups.

- Long-term agreement of 25 years, with 21 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.

- 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 $2,140,000 (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: $299,744

Asking Price: $2,140,000

(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: 960

Business Summary

Business Snapshot

Price: $2,140,000 Net Profit: $299,744 Remuneration / Body Corp Salary: $119,474

Managers Unit

Value of Managers Apartment: $840,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: Exclusive UsePets OK: Yes

Quality spacious 3 bedrooms, 2-bathroom, 1 plus 1 car spaces managers unit.

Complex Information

Complex Type: MixedAgreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesTennis Court: YesBBQ Area: YesMarina Berth: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

1. Very high net profit of $299,744.
2. Simple caretaking duties with a light workload.
3. Mixed apartments with a holiday letting pool of 22, permanent residents in 6, outside agents managing 3, and 6 lockups.
4. Long-term agreement of 25 years, with 21 years remaining.
5. Stable and high body corporate salary of $119,478 plus GST with consistent growth aligned with CPI.
6. No set office hours, offering super flexible arrangements.
7. Always strong bookings.
8. Perfect operation with wonderful contractors in place at a low cost.
9. 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.
10. Two large balconies with beautiful waterway views at a peaceful waterfront location.
11. Spacious and exclusive use of a professional office.
12. Convenient location, close to Broadwater, waterways, parks, shops, and a major shopping centre, with beautiful surroundings.
13. Ample storage available. Pet-friendly building.
14. Opportunity to enjoy beautiful Gold Coast living while earning a high stable income.
15. Total price of $2,140,000 (including the large water-view manager's unit).
16. Opportunity for beautiful, spacious waterfront living with a high income.

Management Rights Multiplier: 4.34
ROI Estimate: 23.06%