Palm Beach, Queensland
No Unit To Buy - ID 9128
$525,000
Business Description
Permanent Management Rights For Sale
Great Return on Investment
- 100m to the ocean at Palm Beach
- 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 of $96,538 + GST
- Short drive to M1 and Gold Coast Airport
- Minimal workload
This is a rare opportunity to purchase a Management Rights business in a new building without the need to buy real estate. This business in ideal for anyone new to the industry or an existing operator looking to add to their management rights portfolio.
Net Profit: $114,796
Asking Price: $525,000
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: $525,000
Net Profit: $114,976 Remuneration / Body Corp Salary: $96,538
Managers Unit
No real estate to purchase with this business.
Complex Information
Complex Type: PermanentTotal Units in Complex: 62Total Units in Letting Pool: 5Owner Occupy Units: 57Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 25 yearsPool: YesGym: Yes
Key Investment Insights
- Located only 100m from the beach in the highly sought after area of Palm Beach
- Modern building, only 4 years old, with high demand for rental properties
- Within the catchment zone for Currumbin Highschool, making it a desirable location for families
- Ample visitor parking available for residents and guests
- Secure access to all apartments with fobs and intercom system
- Generous salary of $96,538 + GST for the manager
- Conveniently located near the M1 and Gold Coast Airport
- Minimal workload for the manager, making it an ideal opportunity for someone new to the industry or looking to expand their portfolio.
- No need to purchase real estate, making it a more affordable option for potential buyers.
- Strong net profit of $114,976, providing a great return on investment.
- Long agreement term remaining, with 25 years still remaining on the current agreement.
- On-site facilities including a pool and gym for residents to enjoy.
