Currumbin, Queensland

Mixed Letting Management Rights in Currumbin - ID 8160

$1,855,000

Business Description

Management Rights For Sale
Famous Water Views

- 3 storey walk up complex of 72 apartments

- 24 apartments in the letting pool, 8 short term and 16 permanent

- Agreements recently topped up to 10 years

- Body Corporate salary of $130,000

- Heated pool, spa, BBQ and secure parking

- Complex has recently been painted, new Wi-Fi throughout

- Sinking fund balance of over $677,000

- Recently refurbished 3 bed, 2 bath manager's residence

- The residence has uniterrupted water views

- Office attached on title

The complex is located in Currumbin on the southern end of the Gold Coast, just a 15 minute walk to the patrolled beach. Easy access to the Airport, M1 Motorway, Currumbin Wildlife Sanctuary and the Tweed Coast.

Net Profit: $215,125
Asking Price: $1,855,000
(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 Brokers
Phil Trimble & Gerard Dixon

Property Code: 897

Business Summary

Business Snapshot

Price: $1,855,000 Net Profit: $215,125 Remuneration / Body Corp Salary: $130,000

Managers Unit

Value of Managers Apartment: $995,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Great 3 bedroom residence, 2 bathrooms, Huge entertainer sized balcony overlooking the Currumin estuary and coastline. The residence has been renovated with new kitchen, main bathroom, painting and flooring, Parking for one vehicle and storage options for the manager. A pet is permitted with Body Corporate approval.

Complex Information

Complex Type: MixedTotal Units in Complex: 72Total Units in Letting Pool: 24Owner Occupy Units: 42Outside Agent Units: 2Lockup Units: 3Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesSpa: YesBBQ Area: Yes
Marketing Agent

Key Investment Insights

1. 3 storey walk up complex with 72 apartments
2. 24 apartments in the letting pool, with a mix of short term and permanent rentals
3. Agreements recently topped up to 10 years
4. Body Corporate salary of $130,000
5. Amenities include a heated pool, spa, BBQ area, and secure parking
6. Complex has recently been painted and has new Wi-Fi throughout
7. Sinking fund balance of over $677,000
8. Recently refurbished 3 bed, 2 bath manager's residence with uninterrupted water views
9. Office attached on title
10. Located in Currumbin, a popular tourist destination on the southern end of the Gold Coast
11. Just a 15 minute walk to the patrolled beach
12. Easy access to the Airport, M1 Motorway, Currumbin Wildlife Sanctuary, and the Tweed Coast
13. Net profit of $215,125
14. Asking price of $1,855,000 (inclusive of manager's real estate)
15. Opportunity for further growth and development in the popular Gold Coast market.

Management Rights Multiplier: 4.00
ROI Estimate: 25.01%

Listing location

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights For Sale

You may also like

Around $200K Stable Salary & Simple Duties - ID 9172
MR Sales
Around $200K Stable Salary & Simple Dut...

SURFERS PARADISE

$1,862,000

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Surfers Paradise Supervisory Management Rights
Hotel Resort Sales
Surfers Paradise Supervisory Management...

SURFERS PARADISE

$1,720,000

Net Income: $275,000
Managers Estate: $600,000 2 Bed 1 Bath
Letting Pool: 65
Remuneration: $151,055

Net $195K Profitable Prime Holiday Complex in Burleigh Heads GC
Onsite Management Rights
Net $195K Profitable Prime Holiday Complex...

BURLEIGH HEADS

$2,000,000

Net Income: $194,624
Managers Estate: $1,000,000 3 Bed 2 Bath
Letting Pool: 38
Remuneration: $64,830

Absolute Beachfront Short Term Gem - ID 8760
MR Sales
Absolute Beachfront Short Term Gem - ID...

TUGUN

$1,826,000

Net Income: $202,676
Managers Estate: $975,000 2 Bed 2 Bath
Letting Pool: 35
Remuneration: $78,000

Permanent MR complex in Robina, long tenure, solid ROI, and upside potential  | Resort Brokers ID : MR008350
ResortBrokers
Permanent MR complex in Robina, long...

ROBINA

$1,895,000

Net Income: $210,490
Managers Estate: $950,000 4 Bed 2 Bath
Letting Pool: 65
Remuneration: $124,738

Enviable Lifestyle with a Reliable Cashflow
Ray White Commercial Gold Coast
Enviable Lifestyle with a Reliable Cashf...

RUNAWAY BAY

Price Reduced - $350K Business + $1.375M Villa

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Charming Historic Motel, Three Wings of Modern Rooms - 1183ML
Stunning Historic Freehold Opportunity - 2858MF
Huge Vendors terms, on the biggest park in Lakes Entrance
ICONIC HOLIDAY COMPLEX - RAINBOW BAY - $677 NET
Acquire a highly sought-after Freehold Investment Motel - Recently renovated | Resort Brokers ID : INV008402
Unparalleled Experience, A Once-in-a-Lifetime Opportunity - 2824ML
Modern Profile Caravan Park And Resort For Sale - 2625MF
Iconic Leasehold Hotel - 1P6236
7BR Home Where Exceptional Living Meets Coastal Beauty
The Sweet Life Of Country, A Stone's Throw To Greater Melbourne - 2849MF
Unlock Your Dream - Hervey Bay Beachfront Ownership Awaits
$50 K Price Drop & Easy Part Time Income - ID 9115
Iconic Hotel in Stunning Location - 1P6187
FREEHOLD Backpackers in Brisbane
Freehold Investment Opportunity Sale by Private Treaty
SE QLD Premier Permanent Management Rights
Waterfront CBD Location in Townsville - 30 Years on Lease
Exclusive - Two Adjacent Luxury Permanent Management Rights Complexes for Sale - ID 9174