Elanora, Queensland

3.81 Low Multiplier & Stable High Income - ID 9171

$1,384,000

Business Description

Spacious Free-Standing House
Permanent Management Rights for Sale

- Low multiplier of only 3.81 for a Permanent Management Rights business on the Gold Coast.

- Strong net profit of $127,111, supported by a high Body Corporate Salary of $113,989 plus GST, which makes up 84% of total income, with CPI increases annually.

- No set office hours and easy caretaking duties, offering flexible, reduced hours.

- Ideal for someone seeking a second income at their own pace or in their spare time.

- Long 20-year agreement with 16 years remaining.

- All permanent rentals with a small rental pool of only 8, offering potential for income growth.

- Rare free-standing manager's residence with 3 bedrooms, 2 bathrooms, and 2-car accommodation plus an additional car space.

- Includes a balcony, spacious courtyard, and a large, exclusive manager’s office on the title.

- Situated in a quiet and beautiful environment.

- Total asking price: $1,384,000 (including the large 3-bedroom house).

Looking for spacious living with a secure income?
Look no further—this is an opportunity you can’t afford to miss!

Net Profit: $127,111
Asking Price: $1,384,000
(Inclusive of Managers Real Estate)

For further information or to arrange an inspection of this business opportunity contact:

Management Rights Broker
Bill He

Property Code: 919

Business Summary

Business Snapshot

Price: $1,384,000 Net Profit: $127,111 Remuneration / Body Corp Salary: $113,989

Managers Unit

Value of Managers Apartment: $899,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: Exclusive Use

Free-standing manager's residence with 3 bedrooms, 2 bathrooms, and 2 car accommodations, along with an additional car space.

Complex Information

Complex Type: PermanentTotal Units in Complex: 41Total Units in Letting Pool: 10Owner Occupy Units: 27Outside Agent Units: 5Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 16 yearsPool: YesBBQ Area: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

- Low multiplier of 3.81 for a Permanent Management Rights business on the Gold Coast, making it a highly affordable investment opportunity.
- Strong net profit of $127,111, supported by a high Body Corporate Salary of $113,989 plus GST, which makes up 84% of total income.
- No set office hours and easy caretaking duties, offering flexibility and reduced working hours for the manager.
- Ideal for someone seeking a second income at their own pace or in their spare time.
- Long 20-year agreement with 16 years remaining, providing stability and security for the business.
- All permanent rentals with a small rental pool of only 8, offering potential for income growth.
- Rare free-standing manager's residence with 3 bedrooms, 2 bathrooms, and 2-car accommodation plus an additional car space.
- Includes a balcony, spacious courtyard, and a large, exclusive manager’s office on the title, providing comfortable and convenient living for the manager.
- Situated in a quiet and beautiful environment, offering a peaceful and desirable lifestyle for both the manager and tenants.
- Total asking price of $1,384,000, which includes the large 3-bedroom house, making it a great value for money opportunity.
- Overall, this is a fantastic opportunity for someone looking for spacious living with a secure and stable high income.

Management Rights Multiplier: 3.82
ROI Estimate: 26.21%