Chevron Island, Queensland

Boutique Management Rights in Prime Chevron Island Location No Requirement to Live Onsite

$850k MR & $550k Unit = Total $1,450,000

Business Description

An exceptional opportunity exists to secure a well-established management and letting rights business in the heart of Chevron Island, one of the Gold Coast’s most vibrant and tightly held lifestyle precincts. The complex comprises only 1 bedroom apartments, a configuration that keeps overheads low, and the business produces an audited net profit of about $239,056 per annum under a single operator.

Twelve of the 40 lots sit in the on-site letting pool while another 5 are managed externally, giving a clear pathway to grow income. Average occupancy is 58 per cent and benefits from strong repeat patronage. The body corporate pays a fixed salary of $65,818 a year and the agreements have 20 years remaining following recent top-ups. There is no requirement to reside on-site, no fixed office hours, and the 2 bedroom manager’s unit can be returned to the letting pool to lift returns further. An office is held on title, providing secure reception space.

Chevron Island is a walkable village moments from Surfers Paradise, favoured for its riverside parks, boutique dining and relaxed beachside lifestyle. For buyers seeking a flexible, low-maintenance business with reliable cash flow, solid growth prospects and an enviable Gold Coast address, this opportunity demands inspection.

Ras360 specialises in Management Rights, Motels, Hotels, Pubs and Parks.

Business Summary

Business Snapshot

Price: $850k MR & $550k Unit = Total $1,450,000 Net Profit: $239,056 Remuneration / Body Corp Salary: $65,818

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 1Bathrooms: 1Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 40Total Units in Letting Pool: 12Owner Occupy Units: 23Outside Agent Units: 5Agreement Term: 25 yearsAgreement Term Remaining: 20 years

Marketing Agent

Paul Mueller

0439 25....

Syd Douglas

0427973....

Ras360

Key Investment Insights

1. Well-established management and letting rights business located in the heart of Chevron Island, a vibrant and sought-after lifestyle precinct on the Gold Coast.

2. Complex comprises only 1 bedroom apartments, keeping overheads low and producing an audited net profit of approximately $239,056 per annum under a single operator.

3. 12 of the 40 units are in the on-site letting pool, with potential to increase income through managing the remaining 5 units externally.

4. Average occupancy is 58%, with strong repeat patronage.

5. Body corporate pays a fixed salary of $65,818 per year, providing a reliable source of income.

6. Agreements have 20 years remaining following recent top-ups, providing long-term stability for the business.

7. No requirement to reside on-site, no fixed office hours, and the 2 bedroom manager's unit can be returned to the letting pool to increase returns.

8. Office held on title, providing secure reception space.

9. Chevron Island is a walkable village just moments from Surfers Paradise, known for its riverside parks, boutique dining, and relaxed beachside lifestyle.

10. Ideal for buyers seeking a flexible, low-maintenance business with reliable cash flow, solid growth prospects, and an enviable Gold Coast address.

11. Business is listed for sale by Ras360, a specialist in management rights, motels, hotels, pubs, and parks.

12. Business snapshot includes a price of $850,000 for the management rights and $550,000 for the unit, for a total of $1,450,000.

13. The net profit for the business is $239,056, with a remuneration/body corporate salary of $65,818.

14. The manager's unit is valued at $550,000 and features 1 bedroom, 1 bathroom, and 2 car spaces.

15. Complex type is permanent, with a total of 40 units in the complex and

Management Rights Multiplier: 3.76
ROI Estimate: 26.56%