Oxenford, Queensland

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

$1,610,000

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: $1,610,000 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. Prime location near major amenities and attractions, including the M1, Theme Parks, schools, and shopping centres.
2. Streamlined responsibilities with no pool, tennis court, or BBQ area to maintain.
3. Attractive Body Corporate income providing a high salary for managing landscaping and lawn care.
4. Ideal for a team of two, with one person focusing on outdoor maintenance and the other on office administration.
5. Flexible hours and potential for growth.
6. Spacious, private three-bedroom, two-bathroom freestanding home included as part of the arrangement.
7. Net profit of $240,124.
8. Managers unit valued at $650,000.
9. Permanent complex with 147 units, 32 in the letting pool.
10. Accommodation agreement with 16.5 years remaining.

Management Rights Multiplier: 4.00
ROI Estimate: 25.01%