Pacific Pines, Queensland

Permanent Letting in Pacific Pines - ID 9096

$1,250,000

Business Description

Management Rights For Sale
Large 4 Bedroom Manager's Residence

- Quiet area near large reserve

- Easy access to schools, shops and public transport

- Located on the northern end of the Gold Coast

- Secure, gated complex

- Growth potential for handyman, current manager outsources all maintenance

- Long agreements, recently topped up

- No set hours in agreements

This is an ideal starter business for anyone entering the management rights industry. The spacious 4 bedroom residence has an enclosed rear yard suitable for both pets and young children. The agreements have recently been extended to 2044, offering security of tenure for many years to come. The business is located in a quiet area, close to just about everything. A great place to raise a family and a great place to work.

Net Profit: $131,635
Asking Price: $1,250,000
(Inclusive of manager's real estate)

For further information or to arrange for an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Broker
Gerard Dixon

Property Code: 596

Business Summary

Business Snapshot

Price: $1,250,000 Net Profit: $131,635 Remuneration / Body Corp Salary: $77,123

Managers Unit

Value of Managers Apartment: $685,000Bedrooms: 4Bathrooms: 2Car Spaces: 4Office: On TitlePets OK: Yes

4 bedroom residence, 2.5 bathrooms, double lock up garage, two additional car spaces, rear yard, pets welcome with body corporate approval, office attached and on title, the manager is required to live onsite

Complex Information

Complex Type: PermanentTotal Units in Complex: 56Total Units in Letting Pool: 20Permanent Units: 20Owner Occupy Units: 31Outside Agent Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 21 yearsPool: YesGym: YesBBQ Area: Yes

Marketing Agent

Gerard Dixon

MR Sales

Key Investment Insights

Key Insights:

1. Quiet location near a large reserve, providing a peaceful and natural setting for residents.
2. Easy access to essential amenities such as schools, shops, and public transport.
3. Located on the northern end of the Gold Coast, offering potential for growth and development in the area.
4. Secure and gated complex, providing a sense of safety and security for residents.
5. Potential for growth through handyman services, as the current manager outsources all maintenance tasks.
6. Long agreements recently topped up, providing security of tenure for many years to come.
7. No set hours in agreements, offering flexibility for the manager.
8. Spacious 4 bedroom manager's residence with an enclosed rear yard, suitable for pets and children.
9. Ideal starter business for those entering the management rights industry.
10. Net profit of $131,635, providing a solid return on investment.
11. Asking price of $1,250,000, inclusive of the manager's real estate.
12. Manager's apartment valued at $685,000, providing a comfortable and desirable living space.
13. Complex consists of 56 units, with 20 units in the permanent letting pool.
14. Permanent units make up the majority of the complex, providing stability and consistent income.
15. Accommodation agreement module with a term of 20 years, with 21 years remaining.
16. On-site amenities such as a pool, gym, and BBQ area, providing added value for residents.

Management Rights Multiplier: 4.29
ROI Estimate: 23.30%