Main Beach, Queensland

High-Value 3.45 Multiplier in Prime Main Beach | Permanent Management Rights for Sale – ID 9117

$1,376,000

Business Description

Permanent Management Rights for Sale
No Requirement to Live Onsite

- Explore a Lucrative Business Opportunity: Unlock unmatched income potential with a rare gem in the market, boasting 15 years of success – now available for the first time!

- Flexible Management: No need to reside onsite. The manager's unit is rented out for additional income, giving you the flexibility to manage from afar.

- Work on Your Terms: Enjoy the freedom of no set office hours, minimal gardening, and an easily manageable workload with flexible hours.

- Stability and Security: Experience a stable income. Benefit from a proven operational model with a 15-year history.

- Body Corporate Salary: Earn a solid body corporate salary of $101,079 plus GST, ensuring financial stability.

- Expansive Rental Portfolio: With 1 apartment in the letting pool, there is potential to increase your portfolio further.

- Impressive Net Profit: Revel in a net profit of $114,716, ensuring a return on investment that speaks for itself.

- Prime Property Investment: Modern 2-bedroom, 1-bathroom apartment with full air conditioning, security car parking, and spacious private courtyards.

- Convenient Office Space: Benefit from a separate office on the property, providing an organized and professional space for management.

- Secure Investment: Invest with confidence in a safe, beautiful, and convenient location. Proximity to shops, restaurants, pharmacy, beach, park, shopping centers, public transport, and major roads adds to its appeal.

- All-Inclusive Price: Acquire this prime opportunity for only $1,376,000, inclusive of a spacious 2-bedroom manager's unit. Act now to secure your foothold in this thriving venture!

Indulge in a life of financial stability that paves the way for comfort and success. Your search ends here – this opportunity is simply too good to pass up.

Net Profit: $114,716
Asking Price: $1,376,000
(Inclusive of manager's real estate)

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

Management Rights Broker
Bill He

Property Code: 721

Business Summary

Business Snapshot

Price: $1,376,000 Net Profit: $114,716 Remuneration / Body Corp Salary: $101,079

Managers Unit

Value of Managers Apartment: $1,000,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

This apartment in the heart of the Gold Coast offers two bedrooms, full air conditioning, secure parking, and spacious private courtyards. With separate offices included, it caters to both comfort and professional convenience.

Complex Information

Complex Type: PermanentTotal Units in Complex: 25Total Units in Letting Pool: 2Owner Occupy Units: 12Outside Agent Units: 3Lockup Units: 8Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 11 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

1. 3.45 multiplier, marketed as a high-value management rights sale in prime Main Beach.
2. All-inclusive asking price $1,376,000, which incorporates the manager’s 2-bedroom apartment valued at $1,000,000.
3. Net profit $114,716, implying an approximate net yield of 8.3% on the asking price.
4. Body corporate remuneration $101,079 plus GST, providing a stable recurring income stream.
5. No requirement to reside onsite, manager’s unit currently rented to generate additional income and operational flexibility.
6. Agreement structure 25-year accommodation module originally, with 11 years remaining, offering medium-term contractual security.
7. Small letting pool of 2 units within a 25-unit complex, indicating potential to increase revenue by expanding the letting portfolio.
8. On-title separate office included, supporting organised professional management without using the manager’s living space.
9. Modern manager’s apartment features full air conditioning, secure car parking, spacious private courtyards, pets permitted, and one office on title.
10. Strong location appeal in Main Beach, close to shops, restaurants, pharmacy, beach, park, shopping centres, public transport and major roads.
11. Low-maintenance operation advertised, with no set office hours, minimal gardening and an easily manageable workload.
12. Complex amenities include pool, spa, sauna, gym and BBQ area, enhancing guest appeal and long-term lettability.

Management Rights Multiplier: 3.28
ROI Estimate: 30.51%