Burleigh Heads, Queensland

The Managers Unit Rented $355 Per Week, The Perfect Caretaking Only in Burleigh.

$130k MR & $650k Unit = Total $780k

Business Description

Explore the ideal investment opportunity with the management rights for St Marie Apartments, located in the vibrant Burleigh Heads. This caretaking-only business provides a stable and reliable income with minimal effort required, perfect for those looking for a balanced lifestyle. Boasting a caretaking salary of $36,204.

Key Features:

• Location: Situated in a prime spot on the iconic Gold Coast Highway, offering convenient access to the beach, retail shops, cafes, and everything Burleigh Heads has to offer.
• Income Potential: The manager's apartment is currently leased, generating a consistent weekly income of $355, contributing to the business's overall profitability.
• Complex Size: Features 27 well-kept units, with 16 managed by external agents, ensuring a manageable workload and steady income.
• Lifestyle: Benefit from a consistent income while enjoying the relaxed, coastal lifestyle of Burleigh Heads.
• Low Commitment: The caretaking-only position demands minimal active involvement, affording more flexibility and personal time.
• Investment Security: Boasting a leased manager's unit and a well-maintained property, this investment offers stable returns and potential for growth.

Seize this outstanding chance to acquire the management rights in Burleigh. Reach out to us today to find out more and embark on your new investment journey.

**Ras360 – Hotels, Motels, Pubs, Parks & Management Rights**

Business Summary

Business Snapshot

Price: $130k MR & $650k Unit = Total $780k Net Profit: $36,204 Remuneration / Body Corp Salary: $36,204

Managers Unit

Value of Managers Apartment: $650,000

Complex Information

Complex Type: PermanentTotal Units in Complex: 27Owner Occupy Units: 11Outside Agent Units: 16Agreement Term: 25 yearsAgreement Term Remaining: 12 years

Marketing Agent

Paul Mueller

0439 25....

Kerrie Lush

0416 08....

Ras360

Key Investment Insights

1. Prime location on the iconic Gold Coast Highway in Burleigh Heads, providing convenient access to the beach, retail shops, and cafes.
2. Stable and reliable income with minimal effort required, perfect for those seeking a balanced lifestyle.
3. Manager's apartment currently leased, generating a consistent weekly income of $355.
4. Well-maintained property with 27 units, of which 16 are managed by external agents, ensuring a manageable workload and steady income.
5. Opportunity to enjoy the relaxed, coastal lifestyle of Burleigh Heads while earning a consistent income.
6. Low commitment caretaking-only position, allowing for flexibility and personal time.
7. Investment security with a leased manager's unit and potential for growth.
8. Affordable investment opportunity with a total price of $780,000 for the management rights and unit.
9. Net profit of $36,204 and remuneration/body corp salary of the same amount.
10. Long agreement term of 25 years with 12 years remaining.

Management Rights Multiplier: 3.59
ROI Estimate: 27.85%