Palm Beach, Queensland

No Unit To Buy - ID 9128

$555,000

Business Description

Permanent Management Rights For Sale
ROI of 20% on the Asking Price

- 100m to the ocean at Palm Beach

- New 25 year agreements to incoming manager

- As new building (4 years old)

- High demand rental area, within Currumbin Highschool catchment zone

- Multiple visitor carparking

- Secure access with fobs and intercom to all apartments

- Generous salary in excess of $90,000

- Short drive to M1 and Gold Coast Airport

This is a rare opportunity to purchase a Management Rights business in a new building without the need to buy real estate. This pushes the overall return on investment up to 20% which is rare in management rights. This business in ideal for anyone new to the industry or an existing operator looking to add to their management rights portfolio.

Net Profit: $111,152
Asking Price: $555,000

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

Management Rights Brokers
Gerard Dixon & Phil Trimble

Property Code: 766

Business Summary

Business Snapshot

Price: $555,000 Net Profit: $111,152 Remuneration / Body Corp Salary: $93,364

Managers Unit

No real estate to purchase with this business.

Complex Information

Complex Type: PermanentTotal Units in Complex: 62Total Units in Letting Pool: 7Owner Occupy Units: 55Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 25 yearsPool: YesGym: Yes
Marketing Agent

Key Investment Insights

1. The business is a Management Rights business located in Palm Beach, Gold Coast.
2. The asking price for the business is $555,000 with a net profit of $111,152, resulting in a ROI of 20%.
3. The building is only 4 years old and has new 25 year agreements for the incoming manager.
4. The location is highly desirable, being only 100m from the ocean and within the catchment zone for Currumbin Highschool.
5. The building has multiple visitor carparking spaces and secure access with fobs and intercom to all apartments.
6. The salary for the manager is generous, with a remuneration/body corp salary of $93,364.
7. The business is ideal for someone new to the industry or an existing operator looking to expand their portfolio.
8. There is no real estate to purchase with this business, making it a rare opportunity in the management rights industry.
9. The complex has a total of 62 units, with 7 units in the letting pool and 55 owner-occupied units.
10. The agreement module is Accommodation and the remaining term is 25 years.
11. The complex also features a pool and gym for residents to use.
12. The business is located within a short drive to the M1 and Gold Coast Airport, making it easily accessible for residents and visitors.
Listing location

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