Bundall, Queensland
GOLD COAST BUSINESS ONLY MR WITH INCREDIBLE ROI | Resort Brokers ID : MRB008295
Under Contract / Offer
Business Description
On offer is a remarkable investment opportunity to secure the business-only management rights to a centrally located Gold Coast property. This thriving business offers a generous body corporate salary circa $146k with a substantial net profit circa $400k+, making this an incredible ROI (return on investment)!
The complex boasts a large letting pool, with 88 in the scheme, and 65 units currently under management, ensuring a strong and sustainable net profit. The caretaking duties are minimal, and the low maintenance aspect further enhances the appeal of this investment, allowing the operator to focus on growth and profitability.
If you are an experienced operator looking to expand your portfolio, this is the perfect add-on business or either just starting out and looking for a well run, systematic property management business get in touch to inspect.
- Well run, systematic property management business
- Healthy sinking fund and progressive body corporate
- Topped up 25-year agreements
- Offering an Incredible Return on Investment
- Flexible workday, no set hours with minimal duties
- No Real Estate to purchase or requirement to live on site
- Strong Net Profit & $146k+Body Corporate Salary
- Room for growth via converting outside letting
- Fantastic Gold Coast location near event hubs, sporting venues, shopping precincts
- Inspections by appointment only
Date updated: 01 Dec 2024 22:00:06
Business Summary
Business Snapshot
Price: Under Contract / Offer
Net Profit: $401,435 Remuneration / Body Corp Salary: $146,047
Managers Unit
Office: On TitleComplex Information
Complex Type: PermanentTotal Units in Complex: 88Total Units in Letting Pool: 65Owner Occupy Units: 17Outside Agent Units: 5Agreement Term Remaining: 25 years