Mudgeeraba, Queensland

PERMANENT MANAGEMENT RIGHTS FOR SALE - GOLD COAST

SOLD

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: SOLD Net Profit: $137,898 Remuneration / Body Corp Salary: $129,940Business Value: $606,751Body 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

AI generated. Confirm details with the seller.

1. Permanent management rights business with reported net profit of $137,898 and body corporate salary of $129,940.
2. Long term agreement has 21 years remaining, with body corporate salary reviewed annually by CPI.
3. Managers receive a spacious two level, three bedroom townhouse with two and a half bathrooms and elevated views.
4. Residence includes air conditioning, timber living floors, private entertaining area, office, storage and parking for four cars.
5. Gated complex provides residents with a pool, spa, sauna, gym, barbecue area, WiFi and function facilities.
6. Leafy Mudgeeraba setting offers a peaceful bushland environment close to schools, beaches and shopping.
7. Complex comprises 66 lots, with six lots in the letting pool and 54 owner occupied units.
8. No set office hours and a generous salary may suit buyers entering the management rights industry.

Management Rights Multiplier: 4.40
ROI Estimate: 8.86%