Labrador, Queensland

UNDER OFFER - Mixed Letting Management Rights - ID 7901

$2,910,000

Business Description

Gold Coast Management Rights For Sale
UNDER OFFER

- Stylish mid rise complex
- Over 170 apartments with 55 in the letting pool
- Large office/reception attached and on title
- REI Master software
- Potential to secure residential sales in the complex
- No office hours, however the current managers attend the office with flexible hours

The complex offers facilities including a 25m heated swimming pool, 2 BBQ entertainment areas, fully equipped gym, heated spa and sauna, free parking, high speed Wi-Fi.

* Confidentiality Conditions Apply *

Net Profit: $472,000
Asking Price: $2,910,000
(Inclusive of manager's real estate)

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

Management Rights Broker
Phil Trimble

Property Code: 486

Business Summary

Business Snapshot

Price: $2,910,000 Body corp salary review: CPI Annually

Managers Unit

Car Spaces: 1

Complex Information

Manager Units: 1Agreement Module: AccommodationPool: Yes

Marketing Agent

Phil Trimble

MR Sales

Key Investment Insights

Key Insights:

1. Stylish mid-rise complex with over 170 apartments and 55 in the letting pool.
2. Large office/reception attached and on title.
3. Utilizes REI Master software.
4. Potential to secure residential sales within the complex.
5. No set office hours, allowing for flexible management.
6. Complex offers a range of facilities including a heated swimming pool, BBQ areas, gym, spa, sauna, and high-speed Wi-Fi.
7. Net profit of $472,000.
8. Asking price of $2,910,000, inclusive of manager's real estate.
9. Body corporate salary review of CPI annually.
10. Manager's unit with 1 car space.
11. Agreement module is Accommodation.
12. Complex has a pool.