Surfers Paradise, Queensland

Permanent Complex With Plenty Of Potential! - ID 8096

$995,000

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 $67,000.

- Generous Body Corporate salary of $41,723.

- Stable rental pool of 10 units (option to purchase an additional rent roll).

- No office hours!

- Low maintenance caretaking duties.

- Over 21 years on the agreements.

- Prime location in Chevron Island (Surfers Paradise).

Net Profit: Approx. $67,000

Asking Price: $995,000

(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: $995,000 Net Profit: $67,000 Remuneration / Body Corp Salary: $41,723

Managers Unit

Value of Managers Apartment: $800,000Bedrooms: 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: 10Owner Occupy Units: 9Outside Agent Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesBBQ Area: Yes

Marketing Agent

Ben Lynn

MR Sales

Key Investment Insights

- Located in sought-after Chevron Island, Surfers Paradise

- Flexible schedule with no set office hours

- Low maintenance complex with minimal workload

- Growing net profit and generous Body Corporate salary

- Stable rental pool with option to purchase additional rent roll

- Spacious 3-bedroom, 2-bathroom, 2 car unit with large attached office space

- Over 21 years remaining on agreements

- Prime location in popular tourist destination

- Opportunity for entry-level management rights or portfolio expansion

- Pet-friendly complex

- Includes manager's real estate in asking price

- Pool and BBQ area for residents' use

- Accommodation agreement module with 25-year term

- Option to purchase additional rent roll for further income potential

Management Rights Multiplier: 2.91
ROI Estimate: 34.36%