Gracemere, Queensland

Management Rights plus Extra Rent Roll in Gracemere QLD - 1P6202

Management Rights $1,200,000

Business Description

CRE Brokers 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 (including corporate short and medium term) and is just a short drive from the City of Rockhampton – Australia's Beef Capital.

TOTAL UNITS : 47
UNITS IN LETTING POOL: 36 + 11

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 Coast

Marketing Agent

Ronnie Slebos

CRE Brokers

Key Investment Insights

1. Profitable business opportunity in Gracemere, QLD.
2. Management Rights to Lilly Pilly Gardens 2 complex.
3. Includes a 3 bedroom ensuite residence.
4. Additional rent roll of managed properties outside the complex.
5. Currently managed by one person with virtual assistant and 2 contract cleaners.
6. Can be easily run by a couple.
7. High rental demand in Gracemere, including corporate short and medium term.
8. Short drive from the City of Rockhampton.
9. Total of 47 units in complex.
10. 36 units in letting pool, plus 11 additional units.
11. Net profit of $245,963, including Body Corporate remuneration.
12. Unit price of $380,000.
13. Business price of $820,000.
14. Total asking price of $1,200,000.
15. Other features include management rights and location in QLD - Fraser Coast.