Bongaree, Queensland

Maximize Your Profits with This Unique Seaside Investment Opportunity – ID 8637

$947,175

Business Description

Discover Your Dream Coastal Home and Secure a Recession-Proof Income for Less Than $1 Million – Yes, Seriously!

Management Rights For Sale
CPI Indexed BC Income Keeps Up With Inflation

- Accountant prepared figures up until 30/9/2023 showing net profit of $137,023

- Long Accommodation Module agreements in place - now secure to 31/12/2043

- Motivated vendors looking for a new chapter equals your opportunity

- Small low-rise apartment complex will suit couple looking for a sea-change

- Two bedroom manager's apartment with office and storage areas on title

- Secure undercover parking

- Supportive Body Corporate committee

- Strong forward bookingsLovely complex in a beautiful location. Your opportunity to secure a growing, sea change lifestyle businessNet Profit: $137,023Asking Price: $947,175(Inclusive of Manager's Real Estate)For further information or to arrange an inspection of this Bribie Island Management Rights business for sale contact:Management Rights BrokerPeter Ross

Property Code: 511

Business Summary

Business Snapshot

Price: $947,175 Net Profit: $137,023 Remuneration / Body Corp Salary: $65,946Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $495,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On Title
Two bedroom residence located on the ground floorr, 1 bathroom, The rooms are generously proportioned, Air conditioning, Ceiling fans, Office and reception on title, One allocated secure undercover parking space

Complex Information

Complex Type: HolidayTotal Units in Complex: 30Total Units in Letting Pool: 12Owner Occupy Units: 10Outside Agent Units: 6Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesBBQ Area: YesPay TV: Yes
Marketing Agent

Key Investment Insights

1. Accountant prepared figures show a net profit of $137,023 until 30/9/2023.
2. Long Accommodation Module agreements are in place until 31/12/2043, providing security for the business.
3. The vendors are motivated to sell, creating an opportunity for potential buyers.
4. The small, low-rise apartment complex is suitable for a couple looking for a sea-change.
5. The manager's apartment includes an office and storage areas on title.
6. The complex offers secure undercover parking.
7. The Body Corporate committee is supportive.
8. Strong forward bookings indicate a growing business.
9. The business is located in a beautiful seaside location.
10. The purchase price is less than $1 million, making it an affordable investment opportunity.
11. The Body Corporate salary is CPI indexed, keeping up with inflation.
12. The manager's residence is valued at $495,000.
13. The complex is primarily used for holiday accommodation.
14. The complex has a total of 30 units, with 12 units in the letting pool.
15. The remaining units are a mix of owner-occupied and outside agent units.
16. The complex offers amenities such as a pool, BBQ area, and pay TV.
17. The agreement module is Accommodation, with a remaining term of 19 years.
18. The manager's unit has two bedrooms, one bathroom, and air conditioning.
19. The manager's unit also includes an office and reception area on title.
20. The complex has a lockup unit and one manager's unit.

Management Rights Multiplier: 3.30
ROI Estimate: 30.30%

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