Nerang, Queensland

HIGH NET PROFIT WITH NO REQUIREMENT TO LIVE ON SITE

$840K MR & $810K UNIT = Total $1.65M

Business Description

Positioned within one of Nerang’s most established gated residential communities, Billabong now presents an even more compelling management rights opportunity following a significant price reduction from a highly motivated vendor.

The revised pricing delivers an attractive 13% ROI, creating excellent value for buyers seeking secure income, operational simplicity and genuine lifestyle flexibility on the Gold Coast.

Approximately 71% of the verified net profit is generated from the Body Corporate salary, providing a stable and highly predictable income stream with comparatively low operational risk. The salary is reviewed annually each November, providing ongoing opportunity for income growth independent of the letting business.

A major point of difference is that there is no requirement for the manager to reside onsite. This provides exceptional flexibility for an incoming owner to occupy the manager’s residence, retain their existing home, or potentially explore alternative uses for the residence subject to the relevant requirements.

The business itself is designed for straightforward day to day operation, with no prescribed office hours. Modern cloud based Reapit management software also allows much of the administration to be managed efficiently and remotely, supporting an excellent work life balance.

The manager’s residence has been tastefully renovated and presents in excellent condition, allowing an incoming owner to move straight in without significant immediate expenditure. The complex roofs have also recently been professionally soft washed and inspected, further enhancing the overall presentation.

With a long agreement term, stable owner occupier community and quality letting business, Billabong represents a compelling opportunity at its newly reduced asking price.

Business Summary