Merrimac, Queensland
2.18 Multiplier on the Gold Coast - ID 9166
$1,045,400
Business Description
Permanent Management Rights for Sale
What a Bargain!
- Super low multiplier of only 2.18 on the Gold Coast.
- Is it real? Yes, absolutely!
- Anything wrong with the complex? None!
- How’s the Committee? Very supportive and cooperative!
- What about the agreement term? Full term!
- Reason for sale? Genuine retirement of a senior couple after 21 years of running this stable and wonderful business.
- No set office hours – work at your own pace.
- All permanent rentals with a very low letting pool percentage, only 19 units.
- High body corporate salary of around $100,000 plus GST, making up more than 70% of total net income. Net operating profit is $137,535.
- Two-bedroom manager’s townhouse in very good condition, equipped with air conditioning, fans, 1 bathroom, 1 extra toilet, 1 garage, and 2 outside car spaces.
- Large, beautiful front and back courtyards on title.
- Two-way office attached on title, with potential to convert into a 3rd bedroom.
- Total asking price: only $1,045,000 (includes a well-maintained 2-bedroom manager’s townhouse).
This is a once-in-a-decade opportunity on the Gold Coast that bargain hunters can’t afford to miss!
Call Bill He on ---------- NOW to secure it and avoid decades of regret.
Net Profit: $137,535
Asking Price: $1,045,000
(Inclusive of Managers Real Estate)
For further information or to arrange an inspection of this business opportunity contact:
Management Rights Broker
Bill He
Property Code: 894
Business Summary
Key Investment Insights
1. Low multiplier of only 2.18 on the Gold Coast, making it a great bargain opportunity.
2. No issues or problems with the complex.
3. Supportive and cooperative committee.
4. Full term agreement.
5. Reason for sale is genuine retirement of the current owners after 21 years of running the business.
6. Flexible work hours with no set office hours.
7. All permanent rentals with a low letting pool percentage of only 19 units.
8. High body corporate salary of around $100,000 plus GST, making up more than 70% of total net income.
9. Manager's townhouse in good condition with amenities such as air conditioning, fans, and a garage.
10. Large front and back courtyards on title.
11. Potential to convert the attached office into a third bedroom.
12. Total asking price of $1,045,000, which includes a well-maintained 2-bedroom manager's townhouse.
13. Once-in-a-decade opportunity on the Gold Coast that bargain hunters should not miss.
14. Net profit of $137,535.
15. Contact Bill He on ---------- to secure the opportunity.