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: 49Holiday Units: 49Agreement Term: 25 yearsAgreement Term Remaining: 22 years

Marketing Agent

First Name Last Name

RAAS Property Group

Key Investment Insights

1. The complex is located in a quiet and well-maintained area of Pacific Pines.
2. The current owners only work 4 days a week, making it possible for one and a half persons to run the business.
3. The complex has a total of 55 units, including the manager's free-standing house.
4. There are 49 units in the letting pool, providing a steady source of income.
5. The business has a net profit of $190,065, making it a profitable investment.
6. The manager's house is a modern 4-bedroom home with air conditioning and a private backyard.
7. The manager's apartment is valued at $485,000.
8. The complex is a permanent management type, with a 25-year agreement term.
9. There are 22 years remaining on the agreement term, providing stability for potential buyers.
10. The business is being sold by Kerrie, who can be contacted for further information.

Management Rights Multiplier: 5.48
ROI Estimate: 18.24%