Currumbin, Queensland

CARETAKING ONLY - COASTAL LIFESTYLE BUSINESS ON THE SOUTHERN GOLD COAST

$1,150,000

Business Description

Located in the beautiful Southern Gold Coast suburb of Currumbin, The Domain is a short walk to the great cafes and restaurants of Currumbin Beach and is minutes away from some of the best beaches on the Gold Coast. This complex ticks all the boxes for someone looking to secure a caretaking only business where you set your own hours and enjoy everything this beautiful location has to offer.

The property comprises of 32 units, all permanent. There is a beautiful swimming pool and well maintained lush tropical gardens. Body Corporate owns and maintains all equipment required to manage the complex.

- Easy complex to manage

- Fantastic location

- No set office hours

- Excellent lifestyle business

- Beautiful 3 bedroom apartment

- BC Salary $66,653

Call now to book an inspection.

Property Code: 1187

Business Summary

Business Snapshot

Price: $1,150,000 Net Profit: $66,653 Remuneration / Body Corp Salary: $66,653Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $950,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Pets OK: Yes

Excellent modernised freshly painted 3-bedroom, 2-bathroom manager’s residence with a beautiful outdoor living space set amongst tropical gardens.

Complex Information

Complex Type: CaretakerTotal Units in Complex: 32Agreement Term: 10 yearsAgreement Term Remaining: 8 yearsPool: Yes

Marketing Agent

Scott Saunders

Premier Business Sales

Key Investment Insights

1. Easy to manage complex with only 32 permanent units.
2. Located in a highly desirable and sought-after area on the Southern Gold Coast.
3. No set office hours, allowing for a flexible and relaxed lifestyle.
4. Beautiful 3-bedroom manager's apartment with modern updates and outdoor living space.
5. Body Corporate owns and maintains all equipment required for managing the complex.
6. BC Salary of $66,653 with annual CPI reviews.
7. Fantastic opportunity for a caretaking-only business with potential for growth.
8. Complex type is caretaker, providing a stable and consistent income stream.
9. Agreement term of 10 years with 8 years remaining.
10. Complex features a swimming pool and well-maintained tropical gardens.
11. Pets are allowed in the manager's apartment.
12. Manager's apartment has a value of $950,000.
13. Close proximity to popular cafes, restaurants, and beaches.
14. Perfect for someone looking for a coastal lifestyle business with the opportunity to set their own hours.

Management Rights Multiplier: 3.00
ROI Estimate: 33.33%