Currumbin Waters, Queensland
Retiring Seller - Owner Must Sell!
$900,000
Business Description
Located in picturesque Currumbin Waters, this immaculately presented townhouse together with an ideal entry-level management rights business providing enviable lifestyle with a steady income, flexible and low working hours.
This retirement community consists of permanent 51 townhouses/villas/units and boasts amenities such as two pools, a resort building with a gymnasium, kitchen facilities, a snooker room, a library, and BBQ areas plus a range of popular services such as a medical centre, chiropractor, dentist, cafe and law firms.
Key features of the opportunity:-
• Extremely motivated seller
• Distinctive manager's double-storey townhouse features 3 bedrooms, 2 bathrooms, a garage, air conditioning and a spacious private courtyard
• $80,000* p.a. Caretaker Salary
• Annual salary review by CPI mechanism (increase only)
• 4.5 years* left on management agreements (expiry at 11 August 2028)
• Body Corporate are welcoming change of management and will top up the agreement term for the approved buyer
• Surrounded by abundant amenities for retirement living
• Convenient location near the M1, shopping centres, and various schools
• Your option to value-add by commencing a letting pool and selling properties in the village
The retirement village has been a passion project for the current operator and is now a perfect opportunity for the new owner as an easy-lifestyle income or as a second income stream.
My Seller is not testing the market, this will be sold.
An absolute must to inspect. Contact the selling agent now!
*Approx.
Disclaimer: Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.
Business Summary
Key Investment Insights
1. The business for sale is a management rights business located in Currumbin Waters.
2. The seller is retiring and is highly motivated to sell.
3. The business provides an enviable lifestyle with flexible and low working hours.
4. The retirement community consists of 51 townhouses/villas/units and offers amenities such as pools, a gym, and BBQ areas.
5. The community also has popular services such as a medical center, chiropractor, dentist, cafe, and law firms.
6. The manager's townhouse has 3 bedrooms, 2 bathrooms, a garage, air conditioning, and a private courtyard.
7. The annual caretaker salary is $80,000.
8. The management agreements have 4.5 years left and can be extended by the Body Corporate for the approved buyer.
9. The location is convenient, near the M1, shopping centers, and schools.
10. There is potential to add value by starting a letting pool and selling properties within the village.
11. The current operator has a passion for the retirement village and the business.
12. The seller is not testing the market and is looking for a quick sale.
13. Interested buyers should contact the selling agent for an inspection.
14. Ray White has not independently verified the information provided and makes no warranty as to its accuracy.
15. Prospective buyers should conduct their own inspections and inquiries to verify the information.
16. No responsibility is assumed by the realty company for the use of the information provided.
17. The business includes a manager's unit with 3 bedrooms, 2 bathrooms, a garage, air conditioning, and a private courtyard.
18. The complex has amenities such as pools, a gym, and BBQ areas.
19. It is conveniently located near the M1, shopping centers, and schools.
