Main Beach, Queensland

Massive 38% Return on Investment - ID 7843

$995,000

Business Description

Magnificent Main Beach Management Rights For Sale

Presenting a splendid opportunity to acquire management rights in the prestigious Main Beach area, this meticulously maintained multi-storey building offers a range of enticing features.

- A well-presented, multi-storey building showcasing sophistication and timeless appeal.

- Boasting 45 units, with 8 currently in the letting pool—all thoughtfully designed as 2-bedroom, 2-bathroom residences.

- Positioned just a mere 50 meters from the beach, residents enjoy easy access to the sun and surf.

- Nestled close to the vibrant Tedder Avenue, replete with cafes and restaurants, offering a vibrant lifestyle.

- Residents revel in the amenities provided, including a tennis court, pool, spa, sauna, gym, and BBQ area, ensuring a premium living experience.

- A low-maintenance garden contributes to the overall ease of property management.

- The property includes an office on title, equipped with REI Master software, streamlining administrative tasks.

- Basement car parking ensures residents' convenience and safety.

- Contract cleaners are already in place, ensuring the property's pristine condition.

- Equipped with CCTV, Foxtel, and Wi-Fi, ensuring modern connectivity and security.

This impeccably managed building is ideally suited for newcomers to the management rights industry. The 2-bedroom manager's residence offers comfort and privacy, featuring a private courtyard, dedicated car space, and ample storage.

Price Reduced for a Swift Transaction.

Net Profit: $124,000

Asking Price: $995,000 (Inclusive of manager's real estate)

Don't miss the opportunity to step into the thriving management rights sector in one of Main Beach's most prestigious locations.


For further information or to arrange and inspection of this Gold Coast management rights business for sale contact:

Management Rights Broker
Ben Lynn

Property Code: 483

Business Summary

Business Snapshot

Price: $995,000 Net Profit: $214,000 Remuneration / Body Corp Salary: $103,700

Managers Unit

Value of Managers Apartment: $670,000Bedrooms: 2Car Spaces: 1
Two bedroom unit, air conditioning, enclosed courtyard, dedicated single parking space

Complex Information

Complex Type: MixedTotal Units in Complex: 46Total Units in Letting Pool: 8Owner Occupy Units: 20Outside Agent Units: 12Lockup Units: 4Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 5 yearsPool: YesTennis Court: YesBBQ Area: Yes
Marketing Agent

Key Investment Insights

1. Prime location in prestigious Main Beach area, only 50 meters from the beach.
2. Well-maintained, multi-storey building with 45 units, 8 of which are currently in the letting pool.
3. Close proximity to vibrant Tedder Avenue, offering a variety of cafes and restaurants.
4. Excellent amenities for residents including a tennis court, pool, spa, sauna, gym, and BBQ area.
5. Low-maintenance garden and contract cleaners in place for easy property management.
6. Equipped with modern technology such as REI Master software, CCTV, Foxtel, and Wi-Fi.
7. Manager's residence features 2 bedrooms, private courtyard, and dedicated car space.
8. Net profit of $124,000 and asking price of $995,000 (including manager's real estate) for a swift transaction.
9. Ideal opportunity for newcomers to the management rights industry.
10. Agreement term remaining is 5 years with potential for renewal.

Management Rights Multiplier: 1.52
ROI Estimate: 65.85%

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