Coombabah, Queensland

Discover Serene Living and Lucrative Returns: Your Gateway to Gold Coast's Prime Management Rights Opportunity!

$945,000

Business Description

Located on Oxley Drive in the serene Coombabah suburb, Nestled in one of the Gold Coast's prime spots, it offers unparalleled accessibility to numerous shopping centres, educational institutions, thrilling theme parks, and pristine beaches. Surfers Paradise is just a breezy 15-minute drive away, while the Pacific Highway is a mere five-minute journey.

This exclusive complex comprises 48 townhouses that are meticulously maintained and operated. Embracing a tranquil ambience, the amenities include a Pool, Tennis court, Barbecue area and ample visitor parking.

Despite its enviable Body Corporate Salary of $76,477, the caretaking duties are remarkably light and manageable. The current management has efficiently minimised garden upkeep, eliminating the hassle. With flexible hours and minimal administrative tasks, part-time personnel can effortlessly handle the workload while enjoying the accessible common areas. This means you can focus on enjoying your new home worry-free.

The manager's townhome is a tastefully renovated three-bedroom, two-bathroom townhouse featuring a spacious open-plan living, dining, and kitchen area. Additionally, it includes a generously sized attached office, which can quickly transform into a fourth bedroom and an outdoor space complemented by a covered patio and solar panels.

With a robust Body Corporate rapport, evidenced by recently renewed agreements and inclusive Gallery Vie, the new managers are poised for success from day one. This management rights opportunity is ideally suited for a semi-retired couple seeking a secure income stream and ample leisure time or a family desiring a secondary revenue stream and a comfortable homestead. Offering exceptional value, the asking price promises a lucrative return on investment that is rarely found elsewhere. Get ready to embark on a management right of unparalleled calibre.

Business Summary

Business Snapshot

Price: $945,000 Net Profit: $87,536 Remuneration / Body Corp Salary: $79,710

Managers Unit

Value of Managers Apartment: $710,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 48Total Units in Letting Pool: 6Owner Occupy Units: 37Outside Agent Units: 5Agreement Term: 25 yearsAgreement Term Remaining: 19 years
Marketing Agent
Paul Mueller
Paul Mueller

Key Investment Insights

1. Prime location in the serene Coombabah suburb, offering easy accessibility to shopping centres, educational institutions, theme parks, and beaches.
2. Well-maintained and operated complex with 48 townhouses and amenities such as a pool, tennis court, barbecue area, and visitor parking.
3. Light and manageable caretaking duties, with minimal garden upkeep and flexible hours, allowing for part-time personnel to handle the workload.
4. Tastefully renovated manager's townhome with three bedrooms, two bathrooms, an attached office, and outdoor space.
5. Strong Body Corporate rapport, evidenced by recently renewed agreements and inclusive Gallery Vie.
6. Ideal for a semi-retired couple seeking a secure income stream and leisure time or a family looking for a secondary revenue stream and a comfortable homestead.
7. Exceptional value with an asking price of $945,000 and a net profit of $87,536.
8. Manager's unit valued at $710,000 with three bedrooms, two bathrooms, and two car spaces.
9. Permanent complex with 48 total units, 6 units in the letting pool, and 37 owner-occupied units.
10. Long agreement term of 25 years with 19 years remaining.

Management Rights Multiplier: 2.68
ROI Estimate: 37.25%

Listing location
Gallery

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