Chevron Island, Queensland

New Caretaking Business with Letting Potential in Gold Coast's Hottest Location | Resort Brokers ID : MR007958

Under Contract / Offer

Business Description

Just completed and currently establishing, Allure Management Rights business on Chevron Island is a stunning permanent residential apartment complex with high quality amenities. With no requirement to own a lot, and no set office hours, this business is up and running, ready for a new manager to take it to the next level. Allure Chevron Island has a solid business base, and is an attractive add-on for any experienced operators looking to secure a brand new business-only MLR at the top end of the Gold Coast.

- Newly established in June 2023 - great business to make your mark!
- $126,977 verified net profit from industry accountant
- 25 year Caretaking and Letting Agreements
- 94 beautifully appointed apartments - mix of 2 and 3 bedroom units
- 4 units currently in the on-site letting pool - 14 outside agents offer room for growth
- $114,000 per annum Body Corporate salary reviewed annually
- No set office hours and no requirement for manager to own a lot or live on-site
- Office and storage areas provided under Occupational Authority
- Rooftop swimming pool,gymnasium, club lounge with fireplace and wine cellar
- Optional 2-bed manager unit to purchase which can join the letting pool - $880,000
- All inspections by appointment only
Date updated: 03 Mar 2024 22:00:16

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $126,977 Remuneration / Body Corp Salary: $114,000

Managers Unit

Value of Managers Apartment: $880,000Bedrooms: 2Bathrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 94Total Units in Letting Pool: 4Owner Occupy Units: 75Outside Agent Units: 14Agreement Term Remaining: 24 years
Marketing Agent
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