Pacific Pines, Queensland

Large Permanent Management Rights

SOLD

Business Description

The substantial stand alone contemporary designed managers home has four bedrooms, master with ensuite.

Large Permanent Management Rights for sale in a spectacular area of Pacific Pines. This complex is very quiet and very well run. Currently one of the couple works 4 days a week so could easily be run by one and half persons. The area is very very quiet. There are 55 units in the complex including the managers free standing house and 49 in the letting pool. Netting a nice 190K this is a great business. The free standing modern 4 bedroom upstairs downstairs Managers house is very private and complete with Air conditioners and beautiful backyard area. This wont last long so please call Kerrie on ---------- or email me ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $190,065 Remuneration / Body Corp Salary: $69,636

Managers Unit

Value of Managers Apartment: $485,000Bedrooms: 4

Complex Information

Complex Type: PermanentTotal Units in Complex: 56Total Units in Letting Pool: 49Agreement Term: 25 yearsAgreement Term Remaining: 22 years
Marketing Agent
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Key Investment Insights

1. Large permanent management rights for sale in a quiet and well-run complex in Pacific Pines.
2. Currently operated by a couple working 4 days a week, but could easily be run by one and a half persons.
3. 55 units in the complex, including a free-standing 4 bedroom managers house.
4. Net profit of $190,065 and remuneration/body corp salary of $69,636.
5. Managers apartment valued at $485,000 and includes 4 bedrooms.
6. Complex type is permanent with 56 total units and 49 in the letting pool.
7. Agreement term is 25 years with 22 years remaining.

Management Rights Multiplier: 5.48
ROI Estimate: 18.24%

Listing location

This Business is sold

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