Merrimac, Queensland

2.18 Multiplier on the Gold Coast - ID 9166

$1,045,400

Business Description

Permanent Management Rights for Sale

Genuine Retirement

- Super low multiplier of only 2.18 on the Gold Coast.

- Is it real? Yes, absolutely!

- Anything wrong with the complex? None!

- 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!

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

Business Snapshot

Price: $1,045,400 Net Profit: $137,535 Remuneration / Body Corp Salary: $100,000

Managers Unit

Value of Managers Apartment: $745,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Pets OK: Yes

Complex Information

Complex Type: n/a

Marketing Agent

Bill He

MR Sales

Key Investment Insights

1. Super low multiplier of only 2.18 on the Gold Coast, making it a rare and highly desirable opportunity.
2. The complex is in excellent condition with no major issues or problems.
3. The full term of the agreement is available, providing long-term stability for the new owners.
4. The current owners are retiring after 21 years of successfully running the business.
5. Flexible work hours with no set office hours, allowing for a good work-life balance.
6. The complex consists of all permanent rentals with a low letting pool percentage, providing stability and consistent income.
7. High body corporate salary of around $100,000 plus GST, making up a significant portion of the total net income.
8. The manager's townhouse is in good condition and includes desirable features such as air conditioning, fans, and a garage.
9. The townhouse also has a large front and back courtyard and a potential third bedroom.
10. The total asking price is only $1,045,000, which includes the manager's townhouse.
11. This is a rare opportunity on the Gold Coast that should not be missed by bargain hunters.
12. The net operating profit is $137,535, providing a good return on investment.
13. The managers unit is valued at $745,000, making it a valuable asset for the new owners.
14. The complex is pet-friendly, providing an added bonus for potential buyers.
15. The complex type is not specified, providing potential for a variety of management styles.

Management Rights Multiplier: 2.18
ROI Estimate: 45.78%