Clear Island Waters, Queensland

Permanent Letting in Clear Island Waters - ID 9191

$1,030,000

Business Description

Permanent Management Rights For Sale
3 Bedroom Residence with Private, Secure Yard

- Supportive committee

- Predominately, low demand occupiers

- High security, quality CCTV also records vehicle registration numbers

- Office on title

- Easy walk to major shopping centre

- Close to Surfers Paradise Golf Club

- Broadbeach only 5 minutes by car

- Ample storage

- Upside for a handyman

Excellent business for first timers to the industry as most of the owners are seniors and easy to get along with. Very good area, close to public transport, schools and shops. The workload would enable an enthusiastic couple to have additional part time work.

Net Profit: $85,506
Asking Price: $1,030,000
(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
Gerard Dixon

Property Code: 992

Business Summary

Business Snapshot

Price: $1,030,000 Net Profit: $85,506 Remuneration / Body Corp Salary: $70,032

Managers Unit

Value of Managers Apartment: $750,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title

This well-presented 3-bedroom townhouse offers a comfortable and convenient living space, ideal for small families or professionals. Upstairs, you'll find the master bedroom with an ensuite, along with two additional bedrooms and a main bathroom, providing ample space for everyone. A separate toilet downstairs adds extra convenience for guests and everyday use. The kitchen is equipped with modern appliances, including a relatively new dishwasher, a brand new oven, and a touch control cooktop. Ceiling fans throughout the property ensure comfort all year round, with the added benefit of air conditioning downstairs for those warmer days. The townhouse also features a single lock-up garage and an additional car park. One of the standout features is the large, secure, and enclosed rear yard, perfect for outdoor activities, gardening, or simply enjoying the outdoors in privacy. This property offers a fantastic blend of comfort, practicality, and low-maintenance living, making it an excellent choice for those seeking a move-in ready home.

Complex Information

Complex Type: PermanentTotal Units in Complex: 41Total Units in Letting Pool: 7Owner Occupy Units: 29Outside Agent Units: 4Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesBBQ Area: Yes

Marketing Agent

Gerard Dixon

MR Sales

Key Investment Insights

Key Insights:

- Supportive committee
- Predominately low demand occupiers
- High security with quality CCTV and recording of vehicle registration numbers
- Office on title
- Close proximity to major shopping centre and Surfers Paradise Golf Club
- Easy access to public transport, schools, and shops
- Upside potential for a handyman
- Majority of owners are seniors, making for a smooth transition for first-time buyers
- Net profit of $85,506 and asking price of $1,030,000, inclusive of manager's real estate
- 3-bedroom residence with private and secure yard
- Well-presented and low-maintenance living space with modern appliances and air conditioning
- Complex consists of 41 units, with 7 in the letting pool and 29 owner-occupied units
- Agreement module is standard with 1 year remaining on the term
- Complex amenities include a pool and BBQ area.

Management Rights Multiplier: 3.27
ROI Estimate: 30.54%