Elanora, Queensland

Low 3.81 Multiplier & Strong Stable 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: $113,989Business Value: $485,000

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

AI generated. Confirm details with the seller.

1. Very low price multiplier of 3.81 for a Gold Coast Permanent Management Rights business, indicating strong valuation relative to earnings.
2. Net profit of $127,111, providing a clear headline return.
3. High Body Corporate salary of $113,989 plus GST, constituting approximately 84% of total income, with CPI-linked annual increases, offering stable and indexed cashflow.
4. Asking price $1,384,000, inclusive of the managers’ real estate, allowing a buyer to acquire both business and residence in one transaction.
5. Manager’s free-standing residence valued at $899,000, with 3 bedrooms, 2 bathrooms, balcony, spacious courtyard, and 2 car spaces plus an additional car space, supporting owner-occupier lifestyle or resale value.
6. Exclusive large manager’s office on title, providing on-site workspace and potential added asset value.
7. Long agreement structure, 20-year term with 16 years remaining, offering contract security and predictable management rights continuity.
8. Small letting pool offering potential upside from growth, noted as only 8 units in the description while the snapshot lists 10 units in the letting pool, signalling room to expand managed lettings.
9. Low-intensity operational model, no set office hours and easy caretaking duties, suited to a buyer seeking flexible or part-time involvement.
10. Complex scale and mix: 41 total units, 27 owner-occupied, 5 outside agent units, pool and BBQ amenities, indicating a stable owner-occupier profile and resident-focused facilities that support management stability.

Management Rights Multiplier: 3.82
ROI Estimate: 9.18%