Pelican Waters, Queensland

Luxury resort-like gated community

SOLD

Business Description

Sought after management rights to a secure, luxury resort-like gated community that offers an abundance of practicality. Neighbouring Pelican Waters Golf Course for the golf enthusiast, plus the very best resort facilities for the residents.

The large apartments enjoy beautiful lake views and elegant furnishings and fittings. Facilities include tennis court, BBQ and entertainment area, lap pool and heated spa pool, all set amongst landscaped grounds and gardens.

Consider doing a full real estate license and tap into lucrative on-site sales worth an additional $45k per annum to the current manager over the last 2 years.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $192,543 Remuneration / Body Corp Salary: $190,348Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $730,000Bedrooms: 4Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: MixedTotal Units in Complex: 105Total Units in Letting Pool: 16Owner Occupy Units: 91Outside Agent Units: 6Pool: YesSpa: YesTennis Court: Yes
Marketing Agent
Matt Campbell
Matt Campbell

ARMS Admin
ARMS Admin

    Resort Management Sales

    Resort Management Sales

    Key Investment Insights

    1. Highly sought after management rights for a secure, luxury resort-like gated community.
    2. Located next to the Pelican Waters Golf Course, providing an added attraction for residents.
    3. Large, well-furnished apartments with beautiful lake views.
    4. Resort facilities include a tennis court, BBQ and entertainment area, lap pool and heated spa pool.
    5. Potential for additional income through obtaining a full real estate license and tapping into on-site sales.
    6. Strong net profit of $192,543 and remuneration/body corp salary of $190,348.
    7. Annual body corp salary review ensures potential for increased income.
    8. Manager's unit valued at $730,000 with 4 bedrooms, 2 bathrooms, and 2 car spaces.
    9. Office located on title for convenient management of the complex.
    10. Pet-friendly complex.
    11. Mixed complex with a total of 105 units, 16 of which are in the letting pool.
    12. Majority of units (91) are owner-occupied, providing a stable resident community.
    13. Limited competition with only 6 outside agent units in the complex.
    14. Resort amenities such as pool, spa, and tennis court add value to the community.

    Management Rights Multiplier: 5.38
    ROI Estimate: 18.60%

    Listing location

    This Business is sold

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