Coombabah, Queensland
A Free Standing Home with No Set Office Hours Located in the Heart of the Gold Coast
SOLD
Business Description
RAAS presents an exceptional investment opportunity. This management rights business includes a modernized, spacious, and secure free-standing townhome.
3 bedrooms, including built-in robes (BIR's), a master bedroom with a walk-in robe (WIR), and an en-suite bathroom.
Office area for administrative tasks.
Large open-plan dining and lounge area, ideal for family gatherings.
Modern kitchen with stone benchtops and generous storage space.
Fully tiled living areas for easy maintenance.
Covered outdoor entertainment area, perfect for hosting guests.
A spacious backyard, suitable for children's play or pet-friendly living.
Single lock-up garage with additional car parking in front.
Part of a family-friendly permanent complex consisting of 37 well-maintained townhouses.
Quiet and peaceful location.
Amenities include a pool, tennis court, and BBQ area.
Low-maintenance lawns and gardens, with no need to worry about garbage bins.
The complex enjoys a strategic location with easy access to various amenities and schools, enhancing its appeal to potential residents and investors. Key nearby attractions and services include:
Proximity to Harbour Town shopping district.
Accessibility to Runaway Bay Shopping Centre.
The Café Precinct in Paradise Point.
Convenient access to schools and educational facilities.
Income Generation: The property is a comfortable family residence and an income source through the management rights business.
Diversified Portfolio: Investors looking to diversify their property portfolio can benefit from the combination of residential living and management rights income.
Lifestyle Flexibility: Ideal for young families seeking a quality of life or couples looking to downsize while maintaining a steady income stream.
Stable and Well-Managed: The complex boasts a strong committee and is well-maintained, ensuring a stable investment environment.
The Management Rights Business presents a unique opportunity to invest in a versatile property that combines modern living with an income-generating management rights business. Its strategic location, amenities, and potential for personalization make it an attractive investment option. Please do not hesitate to contact us for further details or to discuss this opportunity in more depth.
Business Summary
Business Snapshot
Price: SOLD
Net Profit: $74,293 Remuneration / Body Corp Salary: $71,050
Managers Unit
Value of Managers Apartment: $645,000Bedrooms: 3Bathrooms: 2Car Spaces: 4Complex Information
Complex Type: PermanentTotal Units in Complex: 37Total Units in Letting Pool: 5Owner Occupy Units: 29Outside Agent Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 22 years
Key Investment Insights
1. The management rights business includes a modernized, spacious, and secure free-standing townhome with 3 bedrooms and 2 bathrooms.
2. The property has an office area for administrative tasks and a large open-plan dining and lounge area.
3. The modern kitchen features stone benchtops and generous storage space.
4. The living areas are fully tiled for easy maintenance.
5. The property also has a covered outdoor entertainment area and a spacious backyard.
6. It has a single lock-up garage with additional car parking in front.
7. The property is part of a family-friendly complex with amenities such as a pool, tennis court, and BBQ area.
8. It is located in a quiet and peaceful location, with easy access to various amenities and schools.
9. The property offers a stable income stream through the management rights business.
10. It is a versatile investment option, suitable for young families, couples, and investors looking to diversify their portfolio.
11. The complex is well-managed and has a strong committee, ensuring a stable investment environment.
12. The property is conveniently located near popular shopping districts, cafes, and schools.
13. The management rights business has a long agreement term remaining (22 years).
14. The property has a high-value managers apartment with 3 bedrooms and 4 car spaces.
15. The complex has a mix of permanent and owner-occupier units, providing a diverse tenant pool.
Management Rights Multiplier: 3.37
ROI Estimate: 29.72%
