Top Tier Caretaking Management Rights Business Only.
SOLD
Business Description
Ras360 is proud to present an exceptional opportunity to acquire the management rights to the iconic 272 Hedges. This landmark property, a 44‐storey architectural masterpiece, offers 98 luxurious residential units and an unrivalled array of premium amenities that define refined coastal living.
Property Highlights
• Architectural Elegance: Rising 44 storeys above a stunning seaside setting, 272 Hedges exudes sophistication and style.
• Unmatched Facilities: Residents enjoy exclusive access to an executive lounge, boardroom, function room, swimming pool, spa, gym, sauna, steam room, and treatment rooms.
• Captivating Views: Overlooking sprawling parklands that seamlessly merge with the golden sands of Kurrawa and Mermaid Beaches, the property boasts uninterrupted panoramic views of the ocean and coastline.
Investment Opportunity
This is a truly unique proposition – an opportunity to invest in a thriving management rights business under a comprehensive concierge and caretaking agreement. With no requirement to purchase real estate or reside onsite, investors benefit from a streamlined model that delivers an enviable Body Corporate salary of over $391,000 per annum. There is also significant potential for additional revenue.
Amazing Office on Occupational Authority for the Manager.
Location & Lifestyle
Situated in the heart of Mermaid and Broadbeach, the property is within easy walking distance of a vibrant precinct offering premier shopping, dining, and entertainment. Proximity to The Star Casino, Pacific Fair Shopping Centre, and the light rail network further enhances the appeal of this prestigious address.
For further details or to discuss this opportunity, please contact our dedicated team at Ras360.
Business Summary
Business Snapshot
Price: SOLDNet Profit: $393,882Remuneration / Body Corp Salary: $391,995
Complex Information
Complex Type: PermanentTotal Units in Complex: 98Total Units in Letting Pool: 5Owner Occupy Units: 93Agreement Term: 10 yearsAgreement Term Remaining: 10 years
1. Iconic and highly sought-after property with 98 luxurious residential units.
2. Unmatched facilities and amenities, including an executive lounge, boardroom, function room, and pool.
3. Captivating views of the ocean and coastline.
4. Comprehensive concierge and caretaking agreement with no requirement to purchase real estate or reside onsite.
5. Enviable Body Corporate salary of over $391,000 per annum.
6. Potential for additional revenue.
7. Amazing office on Occupational Authority for the Manager.
8. Prime location in the heart of Mermaid and Broadbeach with easy access to premier shopping, dining, and entertainment.
9. Proximity to The Star Casino, Pacific Fair Shopping Centre, and the light rail network further enhances the appeal of the property.
10. Strong net profit of $393,882.
