Oxenford, Queensland

Permanent Management Rights - Northern Gold Coast with $240K net

SOLD

Business Description

Seize the chance to enjoy an ideal work-life balance with this management rights opportunity at a peaceful, low-maintenance residential complex on the scenic Northern Gold Coast.

With no pool, tennis court, or BBQ area to maintain, your responsibilities are streamlined, allowing you to focus on the essentials while avoiding the hassle of extra upkeep. This well-managed complex provides an attractive Body Corporate income, ensuring a high salary for managing landscaping and lawn care.

This role is perfectly suited for a team of two, where one can handle outdoor maintenance while the other focuses on office administration.

Enjoy flexible hours and a spacious, private three-bedroom, two-bathroom freestanding home as part of this arrangement, allowing you to achieve the ideal blend of work and leisure with substantial earning potential.
Highlights:

• Prime location near the M1, Theme Parks, schools, and shopping centres
• High Body Corporate salary
• Spacious three-bedroom, two-bathroom home with three parking spaces
• Flexible hours and potential for growth

Net Profit: $240,124

Property Code: 20

Business Summary

Business Snapshot

Price: SOLD Net Profit: $240,124 Remuneration / Body Corp Salary: $170,226Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $650,000Bedrooms: 3Bathrooms: 2Car Spaces: 3Office: On TitlePets OK: Yes

Freestanding Home, 3 Bedrooms, 2 Bathrooms, large living areas and kitchen. DLUG, private office + 3 Parking spaces

Complex Information

Complex Type: PermanentTotal Units in Complex: 147Total Units in Letting Pool: 32Owner Occupy Units: 74Outside Agent Units: 40Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 16.5 years

Marketing Agent

Craig Johnson

Hotel Resort Sales

Key Investment Insights

1. Ideal work-life balance: This management rights opportunity offers a perfect balance between work and leisure, allowing the new owner to enjoy a relaxed lifestyle on the scenic Northern Gold Coast.

2. Low-maintenance complex: With no pool, tennis court, or BBQ area to maintain, the responsibilities for this complex are streamlined, making it easier for the new owner to focus on the essentials and avoid extra upkeep.

3. High Body Corporate salary: The well-managed complex provides an attractive Body Corporate income, ensuring a high salary for managing landscaping and lawn care.

4. Potential for growth: With a prime location near the M1, Theme Parks, schools, and shopping centres, there is potential for growth and increasing the number of units in the letting pool.

5. Spacious and private home: The management rights come with a spacious three-bedroom, two-bathroom freestanding home, providing the new owner with a comfortable and private living space.

6. Flexible hours: This role is perfectly suited for a team of two, allowing for flexible hours and the opportunity to achieve a good work-life balance.

7. Strong net profit: The net profit for this management rights opportunity is $240,124, providing a substantial earning potential for the new owner.

8. Long agreement term: The agreement term for this complex is 25 years, with 16.5 years remaining, providing long-term stability and security for the new owner.

9. Pet-friendly: The complex allows for pets, making it an attractive option for potential tenants and increasing the potential for growth.

10. Accommodation agreement module: The complex operates under an accommodation agreement module, providing the new owner with more flexibility and control over the business.

Management Rights Multiplier: 4.00
ROI Estimate: 25.01%