Carrara, Queensland

2.87 Multiplier Gold Coast Permanent Management Rights for Sale - ID 9138

$2,190,000

Business Description

Permanent Management Rights for Sale
Over Two-Thirds Net Income from BC Salaries Plus Additional Rental Income

- High body corporate salaries totaling $152,606 plus GST, split between $77,564 and $75,042, with annual increases either by CPI or 1.5%, whichever is higher. This total remuneration makes up more than two-thirds of the net profit, securing a stable income for you.

- High net operating profit of approximately $205,683, with an additional $35,000 in rental income from one of the manager's units, totaling up to $240,000.

- Manageable workload with flexible pacing and no set office hours.

- Low multiplier of only 2.87.

- All rentals are permanent, with 24 units in the letting pool out of a total of 93 units, showcasing significant potential for growth in both rental and sales.

- Long-term 25-year agreements with 17 and 19 years remaining.

- The sale includes two manager’s units:

- One 3-bedroom double-story townhouse featuring 1 bathroom, an extra toilet, a garage, and a 35 square meter office with a large courtyard.

- A spacious 5-bedroom apartment with 2 bathrooms, 2 car parks, an office, and a total area of 200 square meters.

- Numerous air conditioning units installed in a very peaceful setting.

- Excellent location close to shops, major highways, and good schools for convenience.

- Live onsite in one unit while the other is rented out for an additional income of $40,000.

- Total selling price is only $2,190,000, including both manager’s units.

If you are seeking a high and stable income, this opportunity is the one you can't afford to miss.

Net Profit: $205,683 (plus rental income from one of manager’s units)
Asking Price: $2,190,000
(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Broker
Bill He

Property Code: 784

Business Summary

Business Snapshot

Price: $2,190,000 Net Profit: $205,683

Managers Unit

Value of Managers Apartment: $1,500,000Office: On Title

One 3-bedroom double story townhouse with 1 bathroom plus extra toilet, 1 garage and 35 square meters large office with large courtyard.The other 5-bedroom huge apartments with 2 bathrooms, 2 car parks and office, total area of 200 square meters.

Complex Information

Complex Type: PermanentAgreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesTennis Court: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

1. Low sale multiplier of 2.87, indicating relative affordability versus earnings.
2. High net operating profit of approximately $205,683, with total potential income up to about $240,000 when including stated rental income.
3. Body corporate management salaries of $152,606 plus GST, split $77,564 and $75,042, comprising more than two-thirds of net profit, providing a stable contracted income stream.
4. Salary increases indexed to CPI or minimum 1.5% annually, whichever is higher, offering built‑in revenue growth.
5. Additional rental income from manager’s unit reported as $35,000 in financials, with another part of the listing referencing $40,000 potential when one unit is rented.
6. Long‑term agreements on title, 25‑year terms with 17 and 19 years remaining, supplying contractual security and transferable value.
7. Sale includes two manager’s units, a 3‑bedroom double‑storey townhouse with 35m² office and courtyard, and a 5‑bedroom 200m² apartment with two bathrooms and two car parks, office on title.
8. Manager’s apartment value listed at $1,500,000, contributing significant asset value within the sale price.
9. Manageable operational workload, flexible pacing and no set office hours, supporting owner‑operator lifestyle preferences.
10. Complex amenities and location strengths include pool, tennis court, numerous air‑conditioning units, a very peaceful setting, and proximity to shops, major highways and good schools, enhancing tenant appeal and resale potential.
11. Portfolio position: 24 permanent rentals in the letting pool out of 93 units, indicating immediate recurring income with clear upside for growing rental and sales revenue.

Management Rights Multiplier: 3.35
ROI Estimate: 29.81%