Clear Island Waters, Queensland

High Net Profit of $190,000, Yours for Under $1.5 Million! - ID 8471

$1,400,000

Business Description

Gold Coast Permanent Management Rights For Sale

Steady $145,547 Salary for Minimal Effort

- Manager not living onsite, flexible hours.

- Easy, low-maintenance caretaking job

- Minimal grass to mow, elevators (no stairs), garden care covered by body corporate, no BBQ area.

- Focus on keeping complex clean and tidy.

- Secure body corporate salary: $145,547 + GST

- 30 permanents out of 100 units in letting pool, great rental, and commission growth potential.

- Spacious 1–2-bedroom units with large lounge and practical balcony

- Separate exclusive-use ground-floor office space

- Abundant storage options

- 25-year agreement with 19 years remaining, strong committee support

- High net operating profit: approx. $190,000 + Salary GST

- Manager selling due to personal reasons, asking price: $1,400,000 (includes Manager's Unit)

Unlock greater rewards with minimal effort and flexible hours. Your search ends here. Seize this opportunity now and stay ahead without regrets.

Net Profit: Around $190,000

Asking Price: $1,400,000

(Inclusive of manager's real estate)

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

Management Rights Broker

Bill He

Property Code: 671

Business Summary

Business Snapshot

Price: $1,400,000 Net Profit: $190,000 Remuneration / Body Corp Salary: $145,500

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: Exclusive UsePets OK: Yes
One to two bedrooms, one bathroom, single car parking space, spacious balcony, exclusive-use office.

Complex Information

Complex Type: PermanentTotal Units in Complex: 120Total Units in Letting Pool: 30Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesSauna: Yes
Marketing Agent
Becca Philpott
Becca Philpott

Key Investment Insights

1. High net profit of $190,000 with a steady salary of $145,547 for minimal effort.
2. Manager does not live on-site, allowing for flexible hours.
3. Low-maintenance caretaking job with minimal grass to mow and garden care covered by body corporate.
4. Focus on keeping complex clean and tidy.
5. Secure body corporate salary of $145,547 + GST.
6. Potential for growth in rental and commission with 30 permanents out of 100 units in letting pool.
7. Spacious 1-2 bedroom units with large lounge and practical balcony.
8. Separate exclusive-use ground-floor office space.
9. Abundant storage options.
10. 25-year agreement with 19 years remaining and strong committee support.
11. Manager selling due to personal reasons.
12. Asking price of $1,400,000 (includes manager's unit).
13. Opportunity for greater rewards with minimal effort and flexible hours.
14. Net profit of approximately $190,000.
15. Manager's unit valued at $550,000 and includes 2 bedrooms, 1 bathroom, and a single car parking space.
16. Complex is permanent with a total of 120 units and 30 in the letting pool.
17. Agreement module is accommodation with a term of 25 years and 19 years remaining.
18. Complex amenities include a pool and sauna.

Management Rights Multiplier: 4.47
ROI Estimate: 22.35%

Listing location

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