Paradise Waters, Queensland

Business For Sale - Permanent Highrise - Prestigious Address - ID 7853 BL

$1,425,000

Business Description

Permanent Management Rights For Sale
Three Bedroom Manager’s Residence

- High calibre Management Rights business
- Quality 3 bedroom Manager’s residence
- 65 unit complex with 12 in the permanent letting pool
- Salary $110,000
- Boat ramp, marina and Broadwater access
- Full 10 year agreement on offer
- Excellent Body Corporate committee
- Minimal office hours – 15 hours per week
- REI Cloud PMS
- Sinking fund balance over $590,000 with little capital works in the pipeline

This quality Management Rights business in a prestigious location with water access and lovely 3 bedroom Manager’s residence would be ideal for those entering into the Management Rights industry or for an experienced couple.

Net Profit: $134,388
Asking Price: $1,425,000
(Inclusive of Manager’s Real Estate)

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

Exclusive Management Rights Broker
Phil Trimble

Business Summary

Business Snapshot

Price: $1,425,000 Net Profit: $134,388 Remuneration / Body Corp Salary: $110,118

Managers Unit

Value of Managers Apartment: $900,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
North facing apartment, Family sized, 3 bedrooms, 2 bathrooms, Large living spaces, Fully air conditioned, Secure garden area for the pooch, Parking for 2 vehicles, Tastefully modernised with absolutely nothing to do but move in

Complex Information

Complex Type: PermanentTotal Units in Complex: 65Total Units in Letting Pool: 12Owner Occupy Units: 49Outside Agent Units: 2Lockup Units: 1Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsPool: YesSpa: YesSauna: YesTennis Court: YesBBQ Area: YesMarina Berth: Yes
Marketing Agent

Key Investment Insights

1. High calibre Management Rights business with a prestigious location and water access.
2. Quality 3 bedroom Manager’s residence included in the sale.
3. 65 unit complex with 12 units in the permanent letting pool.
4. Salary of $110,000 with minimal office hours of 15 hours per week.
5. Full 10 year agreement on offer.
6. Excellent Body Corporate committee.
7. REI Cloud PMS in place.
8. Sinking fund balance over $590,000 with little capital works in the pipeline.
9. Ideal for those entering into the Management Rights industry or for an experienced couple.
10. Net profit of $134,388.
11. Asking price of $1,425,000 (inclusive of Manager’s Real Estate).
12. North facing, 3 bedroom, 2 bathroom Manager’s apartment with secure garden area for pets.
13. Complex type is permanent with a total of 65 units.
14. 12 units in the permanent letting pool, 49 owner-occupied units, and 2 outside agent units.
15. Complex amenities include a pool, spa, sauna, tennis court, BBQ area, and marina berth.
16. Standard agreement module with a 10 year term.

Management Rights Multiplier: 3.91
ROI Estimate: 25.60%

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