Surfers Paradise, Queensland

Permanent Complex With Plenty Of Potential! - ID 8096

$950,000

Business Description

Gold Coast Management Rights For Sale

Rare Opportunity in Chevron Island, Surfers Paradise

An exciting opportunity awaits with the sale of a sought-after complex located in Chevron Island, Surfers Paradise. This well-maintained, 3-storey walk-up offers a range of attractive features, making it an ideal investment for those looking for an entry-level management rights business or looking to grow their portfolio.

One of the key advantages of this management rights is the freedom it offers with no set office hours This allows for a flexible schedule, providing a better work-life balance or the freedom to expand your portfolio. The complex is also designed for low maintenance, with a minimal workload to suit the flexible hours.

- Spacious 3-bedroom, 2-bathroom, 2 car unit.

- Large, attached office space.

- Growing net profit of $51,000.

- Generous Body Corporate salary of $39,652.

- Stable rental pool of 8 units (option to purchase an additional rent roll).

- No office hours!

- Low maintenance caretaking duties.

- Over 18 years on the agreements.

- Prime location in Chevron Island (Surfers Paradise).

Net Profit: $51,000

Asking Price: $950,000

(Inclusive of manager's real estate)

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

Management Rights Broker

Ben Lynn

Property Code: 598

Business Summary

Business Snapshot

Price: $950,000 Net Profit: $51,000 Remuneration / Body Corp Salary: $39,652

Managers Unit

Value of Managers Apartment: $750,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Spacious 3 bedroom residence, 2 bedrooms, 2 car spaces, large attached office

Complex Information

Complex Type: PermanentTotal Units in Complex: 21Total Units in Letting Pool: 8Owner Occupy Units: 11Outside Agent Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesBBQ Area: Yes
Marketing Agent

Key Investment Insights

1. The complex is located in a highly sought-after area in Chevron Island, Surfers Paradise, offering a prime location for potential buyers.
2. The management rights offer a flexible schedule with no set office hours, providing a better work-life balance for the manager.
3. The complex is designed for low maintenance, with minimal caretaking duties, making it an ideal investment for those looking for an entry-level management rights business.
4. The complex has a stable rental pool of 8 units, with the option to purchase an additional rent roll, providing potential for growth and increased profits.
5. The net profit for the business is growing, with a current net profit of $51,000.
6. The manager's unit is spacious and well-maintained, with 3 bedrooms, 2 bathrooms, and 2 car spaces, as well as a large attached office space.
7. The complex has a generous Body Corporate salary of $39,652.
8. The agreements for the complex have over 18 years remaining, providing long-term security for the buyer.
9. The asking price of $950,000 includes the manager's real estate, making it a comprehensive and attractive investment opportunity.
10. The complex offers amenities such as a pool and BBQ area for residents, adding to its appeal for potential buyers.

Management Rights Multiplier: 3.92
ROI Estimate: 25.50%

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