Burleigh Waters, Queensland
Lifestyle Business with Stable Income
MR $850k / 4.3 Times + MU $700k rented @ $31.8k/Ye
Business Description
- Asking $850,000 on MR Business with a Net Profit of $210,094
- Surrounded by Miami lake, located in the end of the road, the complex boasts a common pool surrounded by lush lawn area and manicured gardens. This is a wonderful opportunity to secure a relaxed lifestyle to live in or as a quality investment.
- Perfectly situated in close to the best of everything including the stunning North Burleigh esplanade of breathtaking white sand beaches, Burleigh Headland, Miami One Shopping Centre, Stocklands Shopping Centre, Miami Marketta, Organic Farmer's Markets, Pizzey Park sporting facilities, gourmet cafes, many highly revered local schools, lush parkland playgrounds and only 15 minutes to Gold Coast Airport!
- Very well run complex, all procedures documented
- Body Corporate very fantastic and supportive to work with
- A great manager remuneration $139,891 with annual adjustment of CPI
- Two bedrooms, one bathroom manager residences, with one carpark and large outdoor entertaining yard, without living on site requirement, rented at $610 weekly
- Spacious attached office on ground floor, no set office hours
- Long term gardening subcontractor in place
- Located within the Caningeraba State School and Marymount College catchment area
This is a rare opportunity to purchase such a lifestyle permanent management right business! Come and take a look. We are sure you will be impressed!
Business Summary
Key Investment Insights
1. Asking price $850,000, reported net profit $210,094, indicating a clear profit-to-price benchmark.
2. Lifestyle business offering a relaxed residential setting, suitable for owner-occupier or investor.
3. Complex positioned at the end of the road, surrounded by Miami Lake, with a common pool, lush lawn area and manicured gardens, enhancing appeal.
4. Prime location close to North Burleigh esplanade beaches, Burleigh Headland, Miami One and Stocklands shopping centres, and popular cafes and markets.
5. Only 15 minutes to Gold Coast Airport, supporting travel convenience and guest access.
6. Very well run complex, all procedures documented, supporting operational continuity and easy handover.
7. Supportive and highly engaged Body Corporate, noted as fantastic to work with, reducing governance friction.
8. Manager remuneration $139,891 with annual CPI adjustment, representing a stable and indexed income stream.
9. Two-bedroom, one-bathroom manager residence with one carpark and large outdoor entertaining yard, currently rented at $610 weekly, no on-site living requirement.
10. Spacious attached ground-floor office with no set office hours, offering operational flexibility and administrative space.
11. Long-term gardening subcontractor in place, providing continuity for grounds maintenance.
12. Located within Caningeraba State School and Marymount College catchment areas, adding family-oriented location appeal.
