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 $98,855 + 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: $98,855
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
- The business is located only 100m from the ocean in the highly desirable area of Palm Beach.
- The building is relatively new, being only 4 years old.
- The area is in high demand for rentals and is within the catchment zone for Currumbin High School.
- The complex has multiple visitor carparking spaces.
- Security is a priority, with fobs and intercoms providing secure access to all apartments.
- The generous salary of $98,855 + GST is a major selling point for this business.
- The location is conveniently close to the M1 and Gold Coast Airport.
- The workload for this business is minimal, making it an ideal opportunity for someone new to the industry or an existing operator looking to expand their portfolio.
- The net profit for this business is $114,976, providing a great return on investment.
- The asking price for this business is $525,000.
