Surfers Paradise, Queensland

Chevron Island Multiplier 2.84 Permanent - ID 8147

$950,000

Business Description

Permanent Management Rights For Sale
Manager Lives Offsite

- Exceptional Low multiplier 2.84.

- No set office hours.

- Large body corporate salary of $60,035 + GST with CPI increased every year.

- Net profit exceeding $87,000.

- Additional Income: Managers unit currently rented at $18,000+ p.a.

- Manager does not live on-site.

- Low Maintenance: Premium street appeal with minimal gardens.

- All Permanent rentals with letting pool 15 of total units 33, outside agents 1, owner occupied 17.

- 25 years’ long-term agreement, with 20 years’ remaining.

- Spacious two-bedroom, two-bathroom 2 security car spaces residence beautifully appointed with a sunny balcony and super large private courtyard.

- Attached office on title with external entry.

- Best location in Gold Coast, close to everything.

Total $950,000 only (including 2 beds’ quality Manager’s Apartments).
Real Deal, Real Bargain, Real Opportunity, you can’t afford to miss!
Call Bill He NOW to secure it.

Net Profit: $87,839
Asking Price: $950,000
(Inclusive of Manager's Real Estate)

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

Management Rights Broker
Bill He

Property Code: 967

Business Summary

Business Snapshot

Price: $950,000 Net Profit: $87,839 Remuneration / Body Corp Salary: $60,035

Managers Unit

Value of Managers Apartment: $700,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On Title

Spacious two-bedroom, two-bathroom residence featuring two secure car spaces, beautifully appointed with a sunny balcony and an extra-large private courtyard.

Complex Information

Complex Type: PermanentTotal Units in Complex: 33Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

Key Insights:

1. Low multiplier of 2.84, making this a highly attractive investment opportunity.
2. No set office hours, providing flexibility for the manager.
3. Large body corporate salary of $60,035 + GST with annual CPI increases.
4. Strong net profit of over $87,000.
5. Additional income from renting out the manager's unit at $18,000+ per annum.
6. Manager does not live on-site, allowing for a more comfortable work-life balance.
7. Low maintenance property with minimal gardens, providing ease of management.
8. All permanent rentals in the letting pool, with only one outside agent and 17 owner-occupied units.
9. Long-term agreement of 25 years with 20 years remaining, providing stability for the business.
10. Manager's residence is a spacious two-bedroom, two-bathroom unit with two secure car spaces, a balcony, and a large private courtyard.
11. Attached office on title with external entry.
12. Located in the best location in the Gold Coast, with easy access to amenities.
13. Includes a quality two-bedroom manager's apartment with a value of $700,000.
14. Real deal, real bargain, and a real opportunity that should not be missed.
15. Contact Bill He for further information or to arrange an inspection.
16. Net profit of $87,839 and asking price of $950,000 (inclusive of manager's real estate).
17. Permanent complex with 33 units, operated under an accommodation agreement module.
18. Complex features a pool, spa, sauna, gym, and BBQ area.

Management Rights Multiplier: 2.85
ROI Estimate: 35.14%