Mudgeeraba, Queensland

PERMANENT MANAGEMENT RIGHTS FOR SALE - GOLD COAST

$1,556,751

Business Description

We are pleased to offer this fantastic permanent management rights complex and excellent managers residence located in the leafy Gold Coast suburb of Mudgeeraba.

There are a total of 66 lots in the complex. The complex is gated has a lovely pool, gym, sauna and function room for residents to enjoy.

A very nice, two level 3-bedroom townhouse, featuring 2 ½ bathrooms and separate laundry, open plan living with timber floors, air-conditioning great views and space for 4 cars.

With a generous salary this is a great opportunity for buyers new to the industry to purchase a great home with good income and no set office hours. The complex is located in a peaceful bushland setting overlooking the Gold Coast and is a short drive to great schools, beaches and shopping.

- Good BC Salary $129,940

- Large home

- Beautiful quiet location but close to great schools, beach and shopping

- Elevated position with great views

Call now for further information and to arrange an inspection.

Property Code: 1300

Business Summary

Business Snapshot

Price: $1,556,751 Net Profit: $137,898 Remuneration / Body Corp Salary: $129,940Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $950,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

A lovely, two level 3-bedroom, 2.5 -bathroom townhouse. Open plan living which opens onto a private entertaining area with great views. Air-conditioning, timber floors in living area, parking for 4 cars including a 2-car garage with and large office attached to the residence. Great exclusive use storage areas.

Complex Information

Complex Type: PermanentTotal Units in Complex: 66Total Units in Letting Pool: 6Owner Occupy Units: 54Outside Agent Units: 6Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: YesWIFI: YesFunction Facilities: Yes

Marketing Agent

Scott Saunders

Premier Business Sales

Key Investment Insights

1. Listed price $1,556,751 with reported net profit $137,898, presenting clear financial metrics for valuation assessment.
2. Generous body corporate salary of $129,940, reviewed annually by CPI, providing steady owner remuneration.
3. Managers apartment valued at $950,000, included as a large two-level 3-bedroom townhouse with 2.5 bathrooms, enhancing asset value.
4. Managers residence features on-title office, parking for up to four cars including a two-car garage, exclusive storage and pets allowed, supporting live-in management convenience.
5. Permanent management rights over a 66-lot gated complex, offering long-term income stability and asset control.
6. Agreement details: 25-year originally, with 21 years remaining, giving buyers substantial remaining contract term.
7. High owner-occupier mix with 54 owner-occupy units and only six in the letting pool, indicating lower management intensity and stable resident community.
8. Comprehensive on-site facilities including pool, spa, sauna, gym, BBQ area, function room and WiFi, enhancing resident appeal and retention.
9. Complex located in a peaceful elevated bushland setting with great Gold Coast views, increasing lifestyle and resale appeal.
10. Short drive to quality schools, beaches and shopping, strengthening location attractiveness for families and tenants.
11. Low operational complexity implied by small letting pool and no set office hours, making it suitable for buyers new to the industry.

Management Rights Multiplier: 4.40
ROI Estimate: 8.86%