Labrador, Queensland

UNDER CONTRACT - ID 8189

$3,100,000

Business Description

UNDER CONTRACT
Management Rights For Sale
Permanent Letting on the Broadwater

- Remarkable business opportunity in an enviable location

- Positioned along the spectacular Gold Coast Broadwater

- The complex boasts resort style facilities

- Unparalled convenience for both residents and guests

- The Body Corporate maintains the landscaped gardens

- Common areas are maintained by the manager

- Large portion of the income is derived from the Body Corporate salary

- Large office on title with minimal office hours

- Long agreements

- Enjoy captivating views from the three bedroom manager's residence

A unique opportunity to purchase a management rights business dealing only with long term rentals – no holiday letting. This opportunity is more than just a business; it's a lifestyle enriched by the spectaular surroundings, elegant amenities and secure financial prospects, suitable for either the experienced operator or those new to the management rights industry.

You now have the chance to immerse yourself in this flourishing industry while enjoying the benefits of the waterside manager's residence.

Net Profit: $342,924
Asking Price: $3,100,000
(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 Brokers
Gerard Dixon & Phil Trimble

Property Code: 842

Business Summary

Business Snapshot

Price: $3,100,000 Net Profit: $331,590 Remuneration / Body Corp Salary: $269,853

Managers Unit

Value of Managers Apartment: $1,400,000Bedrooms: 3Bathrooms: 3Car Spaces: 2Office: On TitlePets OK: Yes
The managers residence in a management rights business is a spacious and elegant two-level home with three bedrooms, three bathrooms, and air conditioning. It offers a harmonious blend of comfort and practicality, boasting captivating views of the Broadwater, making it a serene and inviting place to live.

Complex Information

Complex Type: PermanentTotal Units in Complex: 143Total Units in Letting Pool: 22Owner Occupy Units: 118Outside Agent Units: 4Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesSauna: YesGym: YesGames Room: YesBBQ Area: Yes
Marketing Agent

Key Investment Insights

Key Insights:

1. The business for sale is a management rights business dealing only with long term rentals, with no holiday letting.

2. The complex is located along the Gold Coast Broadwater and boasts resort style facilities.

3. The Body Corporate is responsible for maintaining the landscaped gardens, while the manager is responsible for maintaining the common areas.

4. A large portion of the income is derived from the Body Corporate salary.

5. The manager's residence is a spacious and elegant two-level home with three bedrooms, three bathrooms, and air conditioning, offering captivating views of the Broadwater.

6. The complex has a total of 143 units, with 22 units in the letting pool and 118 owner-occupied units.

7. The agreement module is Accommodation and has a remaining term of 22 years.

8. The complex has amenities such as a pool, spa, sauna, gym, games room, and BBQ area.

9. The net profit for the business is $342,924 and the asking price is $3,100,000, inclusive of the manager's real estate.

10. The business is suitable for both experienced operators and those new to the management rights industry.

Management Rights Multiplier: 5.13
ROI Estimate: 19.51%

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