Elanora, Queensland

Sold & Setted - ID 8244

SOLD

Business Description

Under Contract
Permanent Management Rights for Sale
$111,974 + GST BC Salary, up to 84% Secure Income

- Exceptional low multiplier of 3.38.

- Large body corporate salary of $111,974 plus GST, making up 84% of total income, with annual CPI increases.

- Stable and secure income with a very small rental pool and significant growth potential.

- No set office hours; only daytime mobile contact required.

- All public holidays off, plus 4 weeks’ leave per year – a unique and favorable benefit.

- Experienced relief manager who has worked long-term and lives nearby.

- Option to live offsite and nominate an onsite manager for extra rental income.

- Limited workload and flexible hours allow you to pursue other jobs and earn additional income.

- High net profit of $133,011.

- All permanent rentals with a letting pool of only 9, offering great potential to grow your rental roll.

- Long-term agreement of 25 years, with 22 years remaining.

- Quality, spacious living with secure high income; total price of $1,200,000 (including a 3-bedroom quality Manager’s Townhouse).

This opportunity offers a large, quality 3-bedroom townhouse with a stable, high, and secure income. Enjoy flexible hours and more guaranteed holidays with simple work and a low multiplier of 3. It's a 5-in-1 deal – what a bargain with the perfect combination!

No need to search further; if you miss this, where else can you find such a unique opportunity?

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Broker
Bill He

Property Code: 850

Business Summary

Business Snapshot

Price: SOLD Net Profit: $133,011 Remuneration / Body Corp Salary: $111,975Business Value: $450,000

Managers Unit

Value of Managers Apartment: $750,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

2-level townhouse features 3 bedrooms, 2 bathrooms, and a double garage

Complex Information

Complex Type: PermanentTotal Units in Complex: 46Total Units in Letting Pool: 9Owner Occupy Units: 31Outside Agent Units: 4Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesBBQ Area: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Exceptional low multiplier of 3.38.
2. Large body corporate salary of $111,974 plus GST, making up 84% of total income, with annual CPI increases.
3. Stable and secure income with a very small rental pool and significant growth potential.
4. No set office hours; only daytime mobile contact required.
5. All public holidays off, plus 4 weeks’ leave per year – a unique and favorable benefit.
6. Experienced relief manager who has worked long-term and lives nearby.
7. Option to live offsite and nominate an onsite manager for extra rental income.
8. Limited workload and flexible hours allow you to pursue other jobs and earn additional income.
9. High net profit of $133,011.
10. All permanent rentals with a letting pool of only 9, offering great potential to grow your rental roll.
11. Long-term agreement of 25 years, with 22 years remaining.
12. Quality, spacious living with secure high income; total price of $1,200,000 (including a 3-bedroom quality Manager’s Townhouse).
13. 2-level townhouse features 3 bedrooms, 2 bathrooms, and a double garage.
14. Complex type is permanent with a total of 46 units, 9 of which are in the letting pool.
15. Owner occupy units make up 31 units, with 4 outside agent units and 1 lockup unit.
16. Agreement module is Accommodation with a term of 25 years and 22 years remaining.
17. Complex amenities include a pool and BBQ area.<|endoftext|>

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Management Rights Multiplier: 3.38
ROI Estimate: 11.08%