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, this outstanding management rights opportunity combines secure income, operational simplicity and exceptional lifestyle flexibility. Offering a rare blend of predictable earnings and minimal operational demands, it 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.

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

AI generated. Confirm details with the seller.

1. 71% of verified net profit derives from the guaranteed Body Corporate salary, providing a highly predictable income stream and low operational revenue risk.
2. Body Corporate salary is $149,455, reviewed annually each November, creating built in opportunities for income growth.
3. Total net profit reported $208,906, indicating strong overall profitability relative to the asking price.
4. Asking price is $1.995M, split $1.135M for management rights and $860K for the managers apartment.
5. No requirement to live onsite, offering exceptional lifestyle flexibility and appeal to owner operators, remote operators and investors.
6. Managers apartment included, valued at $860K, configured as 3 bedrooms, 1 bathroom and 2 car spaces, presented renovated and move in ready.
7. Long agreement structure, originally 25 years with 18 years remaining, supporting business stability and transferability.
8. Complex comprises 80 units, with 29 in the letting pool, 39 owner occupied units and 12 outside agent units, reflecting a stable owner occupier community.
9. Operational simplicity supported by no prescribed office hours and modern cloud based Reapit management software, enabling efficient remote administration.
10. Recent preventative maintenance completed, including professional soft washing and inspection of complex roofs, reducing immediate capital expenditure needs.
11. Prime location in one of Nerang’s most established gated residential communities on the Gold Coast, enhancing lifestyle appeal and marketability.

Management Rights Multiplier: 5.43
ROI Estimate: 10.47%