Biggera Waters, Queensland

Position and Proximity!!

$1,400,000

Business Description

Large Modern 3 Level Terrace Home on a Double Block!!

A complex located close to Harbour Town shopping centre that offers many facilities including outlet retail shopping, quality dining, with entertainment and movie cinemas. Within only approximately a 10 minute drive to Griffith University and the Gold Coast University Hospital.

A small boutique complex with low BC fees, a pool with an entertainment area, and the convenience of being close to one of the bigger shopping precincts on the Gold Coast. Images might not depict this complex.

On offer: long term agreements, no fixed hours, no need to live onsite, $37,000 rental income not included in figures and a low multiplier.

Manager's double block terrace home features include; Ground floor with a large tandem garage, laundry & lots of storage, fully fenced private courtyard and additional parking for 3 cars. The first floor consists of a large open plan kitchen, dining & living areas with a huge private terrace for entertaining and powder room. The second floor consists of 3 large bedrooms all with built in robes, the master bedroom with a beautifully appointed ensuite, fully ducted air conditioning with ceiling fans in all bedrooms. All this and an adjoining on title office.

To arrange an inspection please call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: $1,400,000 Net Profit: $88,000 Remuneration / Body Corp Salary: $49,000

Managers Unit

Value of Managers Apartment: $1,200,000Bedrooms: 3Bathrooms: 2Car Spaces: 4Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 33Total Units in Letting Pool: 12Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Asking price $1,400,000 with reported net profit $88,000, indicating established cashflow relative to price.
2. Manager’s remuneration or body corporate salary of $49,000 is disclosed separately to net profit.
3. Managers apartment valued at $1,200,000, presenting significant asset value included in the offering.
4. Additional rental income of $37,000 is not included in the stated figures, providing upside to reported earnings.
5. Long term accommodation agreement structure, 25 year term with approximately 23 years remaining, offers contract stability.
6. Small boutique permanent complex of 33 units, with 12 units in the letting pool, suggesting manageable scale and potential for operational control.
7. Low body corporate fees and on-site pool with entertainment area enhance amenity value and guest appeal.
8. Manager’s double-block, three-level terrace home includes 3 bedrooms, 2 bathrooms, office on title, four car spaces, large terrace, fully ducted air conditioning and generous storage.
9. No requirement to live onsite and no fixed hours, allowing flexible management arrangements or absentee ownership.
10. Prime location near Harbour Town shopping centre, with outlet retail, dining and cinemas, and about a 10 minute drive to Griffith University and Gold Coast University Hospital.
11. Low multiplier mentioned by vendor implies a potentially attractive valuation multiple relative to earnings.
12. Manager unit is pet friendly and sale includes clear inspection contact, simplifying due diligence and transition.

Management Rights Multiplier: 2.27
ROI Estimate: 44.00%