Burleigh Heads, Queensland

Burleigh Heads - Permanent MR complex

$495k MR & $800k Unit = Total $1.295M

Business Description

Live in Beautiful Burleigh Close to the M1 and Burleigh Beach is a short drive away including all the restaurants at James Street. Stocklands is just over the hill.

23 Years left on the agreement and priced to sell with a 3.5 Multiple. Can be run by one person if needed. Lovely spacious 3 bedroom 2 bathroom, 3 toilets Townhouse with lovely timber floors and spacious kitchen, Air-conditioned throughout. Front and back yards perfect for the pooch with doggy door. 18 in the letting pool (with 2 in Labrador) and all the rents are about to increase, no office hours and office on title.

Owners have been there for 6 years and they want to retire and travel in the caravan.

Call Kerrie Lush ----------

** Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks **

Business Summary

Business Snapshot

Price: $495k MR & $800k Unit = Total $1.295M Net Profit: $140,000 Remuneration / Body Corp Salary: $93,658

Managers Unit

Value of Managers Apartment: $800,000Bedrooms: 3Bathrooms: 2Car Spaces: 5

Complex Information

Complex Type: PermanentTotal Units in Complex: 56Total Units in Letting Pool: 18Owner Occupy Units: 37Outside Agent Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 23 years
Marketing Agent
Kerrie Lush
Kerrie Lush

Key Investment Insights

Key Insights:

1. Located in the beautiful and popular suburb of Burleigh Heads, close to the M1 and Burleigh Beach.

2. The complex has a 3.5 multiple, making it an affordable option for potential buyers.

3. The complex can be run by one person, making it a manageable business for a single owner.

4. The managers unit is a spacious 3 bedroom, 2 bathroom townhouse with air conditioning and a front and back yard.

5. The complex has 18 units in the letting pool, with 2 additional units in Labrador.

6. Rents are about to increase, providing potential for increased profits for the new owner.

7. No office hours are required and the office is on title.

8. The current owners have been in the business for 6 years and are looking to retire and travel.

9. The total price for the business and unit is $1.295 million.

10. The net profit for the business is $140,000, with a remuneration/body corp salary of $93,658.

11. The managers unit is valued at $800,000 and has 3 bedrooms, 2 bathrooms, and 5 car spaces.

12. The complex is a permanent complex with 56 units in total, with 18 in the letting pool and 37 owner-occupied units.

13. The agreement term is 25 years, with 23 years remaining.

14. The complex is managed by Ras360, a specialist in management rights, motels, hotels, pubs, and parks.

Management Rights Multiplier: 3.54
ROI Estimate: 28.28%

Listing location
Gallery

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