Currumbin Waters, Queensland

High Quality Permanent Letting Business Only - first time to market! | Resort Brokers ID : MRB007045

$700,000

Property Description

Calling all local operators looking to add on a near NEW permanent letting business to their portfolio. With no real estate to purchase or any requirement to reside on-site, these types of opportunities don't come around often. Hence this being the first time the business has been listed on the market, the developer previously retained the business and is now searching for the right buyer to take it to the next level. With 114 units across 4 BC schemes side by side in Currumbin Waters & with no facilities to maintain this is a great business to add scale to your existing operation or to take on and drive incremental growth. There has been no better time to invest in the GC property management market, so do not hesitate to book your inspection today!



  • Business Only permanent letting business

  • Fantastic location in highly desirable growth suburb

  • Easy to manage as no on-site facilities to maintain

  • Perfect add on business for local operator

  • Upside to grow via lettin gpool & rental rates + R&M

  • High quality NEW permanent letting business - never before sold on market

  • +127k Net Profit

  • Topped up agreements

  • No requirement to own real estate or reside onsite

  • Property inspections are by appointment only

Date updated: 23 Jan 2022 22:00:10

Property Summary

Business Snapshot

Price: $700,000 Net Profit: $127,541 Remuneration / Body Corp Salary: $81,797

Managers Unit

Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 114Total Units in Letting Pool: 26Holiday Units: 26Owner Occupy Units: 81Outside Agent Units: 7Agreement Term Remaining: 24 years
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