Nerang, Queensland

New to Market. High Performing MR with no requirement to live onsite

$1.135M MR & $860K UNIT = Total $1.995M

Business Description

Positioned within one of Nerang’s most established gated residential communities, The Billabong presents an outstanding management rights opportunity combining secure income, operational simplicity and exceptional lifestyle flexibility. Offering a rare blend of predictable earnings and minimal operational demands, this is an ideal business for both experienced operators and those entering the management rights industry.

Approximately 71% of the verified net profit is generated from the guaranteed Body Corporate salary, providing a stable and highly predictable income stream with comparatively low operational risk. Better still, the Body Corporate salary is reviewed annually each November, creating ongoing opportunities for income growth independent of the letting business. This guaranteed income underpins the long term value of the business.

A standout feature is that there is no requirement for the manager to reside on site. This exceptional flexibility allows the incoming owner to live within the complex or elsewhere, making the business attractive to owner operators, investors and those wishing to retain their current residence while operating the business.

The business is designed for straightforward day to day operation. There are no prescribed office hours, while modern cloud based Reapit management software provides efficient administration from virtually anywhere, allowing the manager to enjoy an excellent work life balance.

The presentation of the complex further enhances its appeal. The manager’s residence has been tastefully renovated and is presented in excellent condition, allowing an incoming owner to move straight in without immediate capital expenditure. The complex roofs have also recently been professionally soft washed and inspected, reducing immediate maintenance concerns.

Supported by a long agreement term, a stable owner occupier community and a quality letting business, Billabong represents an outstanding opportunity to secure a low maintenance management rights business offering secure recurring income, exceptional operational flexibility and an enviable Gold Coast lifestyle.

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: $1.135M MR & $860K UNIT = Total $1.995M Net Profit: $208,906 Remuneration / Body Corp Salary: $149,455

Managers Unit

Value of Managers Apartment: $860,000Bedrooms: 3Bathrooms: 1Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 80Total Units in Letting Pool: 29Owner Occupy Units: 39Outside Agent Units: 12Agreement Term: 25 yearsAgreement Term Remaining: 18 years

Marketing Agent

Greg Litzner

0499 00....

Ras360

Key Investment Insights

1. High guaranteed income mix, approximately 71% of verified net profit derives from the Body Corporate salary, equating to $149,455 of $208,906 net profit.
2. Predictable and growing guaranteed income, Body Corporate salary reviewed annually each November, supporting independent income growth.
3. Clear pricing structure, Management Rights $1.135M plus Managers Unit $860K, total $1.995M.
4. Long security of tenure, original agreement term 25 years with 18 years remaining.
5. No on‑site residency required, offering exceptional location and lifestyle flexibility for owners.
6. Low operational complexity, straightforward day to day operation with no prescribed office hours.
7. Modern systems in place, cloud based Reapit management software enables efficient administration remotely.
8. Strong owner occupier community, 39 owner occupy units out of 80 total units supporting stable tenure and lower letting volatility.
9. Balanced letting profile, 29 units in the letting pool and 12 units with outside agents, indicating an active letting business but not over‑reliant on short stays.
10. Turnkey manager’s residence, tastefully renovated 3 bedroom unit in excellent condition valued at $860,000, minimising immediate capital expenditure.
11. Low near‑term maintenance risk, complex roofs recently professionally soft washed and inspected.
12. Low maintenance, secure recurring income opportunity suited to experienced operators, investors and entrants due to predictable earnings and operational simplicity.

Management Rights Multiplier: 5.43
ROI Estimate: 10.47%