Caloundra, Queensland

Joanne Apartments Management Rights For Sale

SOLD

Business Description

What a magic spot to start your management rights business, look across to Pumicestone Passage in Bulcock Beach and a short distance walk to the water and parklands.
The Complex has 2 buildings with 18 units in each, 2 resort-style pools with ocean views from many units.
36 Quality apartments, 24 in the letting pool
High-demand rentals that return well
Combined net $230k
Multiplier 3.2
9 years to run
Nice Managers Salary $62,318

Tidy open plan ground floor 1 bed managers unit valued at $550,000

Business Summary

Managers Unit

Complex Information

Marketing Agent
Chris Cameron
Chris Cameron

Key Investment Insights

1. The management rights business is located in a highly desirable and picturesque location, with views of Pumicestone Passage and close proximity to the beach and parklands.
2. The business includes two buildings with a total of 36 quality apartments, with 24 currently in the letting pool.
3. The rental demand for the apartments is high, resulting in a strong return for the business.
4. The combined net income for the business is $230,000, with a multiplier of 3.2.
5. There are 9 years remaining on the management rights contract.
6. The managers unit is a tidy and open plan 1 bedroom unit, valued at $550,000.
7. The managers salary is a nice amount at $62,318.
8. The complex has resort-style amenities, including 2 pools with ocean views.
9. The business has potential for growth and increased profitability.
10. The location and amenities make this business an attractive option for potential buyers.
Listing location

This Business is sold

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