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: 21Owner Occupy Units: 28Outside Agent Units: 12Agreement Term: 25 yearsAgreement Term Remaining: 21 years

Marketing Agent

Hayleigh McAuliffe

0423 32....

Robert Collins

0404 67....

Ras360

Key Investment Insights

- The business generates a healthy net profit of over $138,000 per annum, providing a stable and reliable income for the owner.

- The complex has a total of 61 units, with 21 units in the letting pool. This provides ample opportunity for growth and potential to increase income.

- The current managers have the option to live on-site in a spacious 4-bed, 2.5-bath standalone home, or to live off-site and rent out the residence for additional income.

- The complex is gated, stylish, private, and peaceful, making it an attractive option for tenants.

- The current managers have a good working relationship with the committee, providing a smooth and efficient operation of the complex.

- The business offers flexibility in terms of working hours, with no fixed office hours, allowing for a desirable work-life balance.

- There is potential to increase the net profit by taking on the gardening and maintenance work, currently outsourced to contractors.

- The agreement term is for 25 years, with 21 years remaining, providing long-term stability and security for the owner.

- The complex is a mix of permanent and owner-occupier units, providing a diverse and stable tenant base.

- The managers' unit has a value of $615,000, providing a valuable asset for the owner.

- The complex is well-maintained and has a good reputation, making it an attractive investment opportunity.

- The net profit and remuneration/body corp salary provide a healthy return on investment for the owner.

- This business presents a great opportunity for a family to secure their financial future and enjoy a desirable lifestyle.

Management Rights Multiplier: 4.67
ROI Estimate: 21.41%