Molendinar, Queensland

WELL MAINTAINED IN CENTRAL LOCATION

SOLD

Business Description

This well-maintained permanent Management Rights business can be handled by one person with well set up operational systems already in place for the new manager. A great opportunity to enter the Management Rights industry with the incoming manager receiving support and training from current experienced manager.

The smart mobile phone operated security gate system with CCTV security camera assists the manager in working efficiently and effectively with a minimum of fuss. Easily managed by one person with a Body Corporate Salary of over $63,000. No set office hours! A pet friendly permanent gold coast management rights complex with pool amongst a beautiful garden setting

The comfortable renovated single level manager’s unit boasts 3 bedrooms, 2 bathrooms, single lockup garage with additional car spaces, ensuite, office on title, modern kitchen, air-conditioned, intercom security system, large undercover tropical private courtyard with brand-new artificial grass. Exclusive use storage areas.

Centrally located in a sought-after area close to restaurants, shops, bus stops, Griffith University, University hospital and Ashmore Shopping Centre.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $123,000 Remuneration / Body Corp Salary: $63,500Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $390,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Comfortable renovated single level manager’s unit boasts 3 bedrooms, 2 bathrooms, single lockup garage with additional car spaces, ensuite, office on title, modern kitchen, air-conditioned, intercom security system, large undercover tropical private courtyard with brand-new artificial grass.

Complex Information

Complex Type: PermanentTotal Units in Complex: 40Total Units in Letting Pool: 23Owner Occupy Units: 7Outside Agent Units: 9Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 15 yearsPool: Yes

Marketing Agent

Jenny Zheng

Property Bridge

Key Investment Insights

1. Well-maintained permanent Management Rights business with established operational systems in place.
2. Opportunity for a new manager to receive support and training from the current experienced manager.
3. Efficient and effective management with smart mobile phone operated security gate system and CCTV security camera.
4. Easily managed by one person with no set office hours.
5. Pet-friendly complex with pool and beautiful garden setting.
6. Comfortable renovated single level manager's unit with 3 bedrooms, 2 bathrooms, and modern amenities.
7. Centrally located in a sought-after area close to amenities such as restaurants, shops, and hospitals.
8. Net profit of $123,000 and Body Corporate Salary of over $63,000.
9. Manager's unit valued at $390,000.
10. Complex information includes 40 units, 23 in the letting pool, and 15 years remaining on the agreement term.

Management Rights Multiplier: 4.43
ROI Estimate: 22.57%