Pacific Pines, Queensland

Private Townhouse Complex with spacious 4-bed standalone home for the manager!

$1,260,000

Business Description

This is an excellent opportunity to secure a management rights business generating a net profit of over $138,000 p.a. that comes with a rare standalone 4 bed 2.5 bath residence and space for 5 cars!

- The letting pool is a healthy 21 townhouses, and with 12 outside agents generating ample scope to increase the income.
- You can live onsite with the family or do as the current managers do - live off site, providing additional income by letting out the residence.
- No fixed office hours, (managers just need to be contactable) allows for flexibility of lifestyle and working hours.
- The current managers use contractors for gardening, mowing etc. so there is scope to increase the profit by undertaking this work yourself.

This gated complex is stylish, private and peaceful, and the current managers have a good working relationship with the current committee.

This presents a great opportunity to secure your family's future financial security with a business and lifestyle.

Business Summary

Business Snapshot

Price: $1,260,000 Net Profit: $138,105 Remuneration / Body Corp Salary: $89,537

Managers Unit

Value of Managers Apartment: $615,000Bedrooms: 4Bathrooms: 2Car Spaces: 3

Complex Information

Complex Type: PermanentTotal Units in Complex: 61Total Units in Letting Pool: 21Holiday Units: 21Owner Occupy Units: 28Outside Agent Units: 12Agreement Term: 25 yearsAgreement Term Remaining: 21 years

Marketing Agent

Hayleigh McAuliffe

0423 32....

Robert Collins

RAAS Property Group

Key Investment Insights

1. The business is generating a net profit of over $138,000 per annum.
2. The complex has a healthy letting pool of 21 townhouses.
3. There are 12 outside agents, providing ample scope to increase income.
4. The manager has the option to live onsite with their family or live offsite and rent out the residence.
5. No fixed office hours allow for flexibility in lifestyle and working hours.
6. There is potential to increase profit by taking on gardening and maintenance work.
7. The complex is gated, stylish, private, and peaceful.
8. The current managers have a good working relationship with the committee.
9. This is an opportunity to secure financial security for the family with a business and lifestyle.
10. The managers' unit has a value of $615,000 and includes 4 bedrooms, 2 bathrooms, and 3 car spaces.
11. The complex is permanent, with a total of 61 units and 21 units in the letting pool.
12. The agreement term is 25 years with 21 years remaining.

Management Rights Multiplier: 4.67
ROI Estimate: 21.41%