Gracemere, Queensland
Management Rights plus Extra Rent Roll in Gracemere QLD - 1P6202
Management Rights $1,200,000
Business Description
CRE Brokers is is pleased to be appointed exclusive agents for this fantastic business opportunity in profitable Gracemere.
The business consists of the Management Rights to Lilly Pilly Gardens 2, including a very favourably priced 3 bedroom ensuite residence as well as an additional rent roll of managed properties outside the complex. The business is currently managed by one person with a virtual assistant and 2 contract cleaners and can be easily run by a couple.
The Gracemere location enjoys a high rental demand and is just a short drive from the City of Rockhampton – Australia's Beef Capital.
No. of units:
Permanent: 16
Holiday: 20
External rentals: 14
TOTAL: 46 (36 of which are in the letting pool) - Plus external rent roll of 14 properties
Net Profit: $245,963 (Includes Body Corporate remuneration)
Unit Price: $380,000
Business Price: $820,000
Total Asking Price: $1,200,000
Business Summary
Complex Information
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Fraser CoastKey Investment Insights
1. Management rights and extra rent roll included in the sale
2. Profitable business opportunity in Gracemere
3. Favorably priced 3 bedroom ensuite residence included
4. Can be easily run by a couple
5. High rental demand in Gracemere location
6. Short drive from the City of Rockhampton
7. 46 units in total, 36 in the letting pool
8. Net profit of $245,963 (includes Body Corporate remuneration)
9. Unit price of $380,000 and business price of $820,000
10. Total asking price of $1,200,000
11. Located in a popular holiday destination
12. Potential for growth and expansion
13. Management rights include virtual assistant and contract cleaners
14. Additional external rent roll of 14 properties
15. Opportunity for a profitable and sustainable business in the management rights industry.
