Surfers Paradise, Queensland

High Return & Easy Work – ID 8840

$1,400,000

Business Description

Mixed Letting Management Rights for Sale

Strong Bookings & Stable Business

- High Net profit exceeding $200,000

- Minimal garden work and limited hours required

- Mixed apartments with 11 units in the holiday letting pool and 11 permanent units

- 25-year long-term agreement, with 21 years remaining

- Body corporate salary is $67,500 plus GST, exhibiting continuous growth with CPI

- Efficient and straightforward operation with consistently high booking demand

- Manager's unit features 2 bedrooms, 1 bathroom, 1 security car park, and air conditioning

- Exclusive use of a professional office with a separate entrance

- Convenient location near the beach, shops, restaurants, and public transport, offering both centrality and tranquility

- Numerous storage options available, and the community is pet-friendly

- Experience a retired Gold Coast lifestyle while earning a lucrative income

- All this for a total price of $1,400,000, including the magnificent Manager's Unit.

High return and easy work.

To get this wonderful business, you must be quick.

Net Profit: $200,000

Asking Price: $1,400,000

(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: 738

Business Summary

Business Snapshot

Price: $1,400,000 Net Profit: $200,000 Remuneration / Body Corp Salary: $67,500

Managers Unit

Value of Managers Apartment: $600,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes
Pet-friendly apartment with 2-bedrooms, 1-bathroom, 1 car space, and ample storage.

Complex Information

Complex Type: MixedTotal Units in Complex: 36Total Units in Letting Pool: 33Owner Occupy Units: 6Outside Agent Units: 6Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesBBQ Area: Yes

Key Investment Insights

Key Insights:

1. High net profit exceeding $200,000.
2. Minimal garden work and limited hours required.
3. Mixed apartments with 11 units in the holiday letting pool and 11 permanent units.
4. 25-year long-term agreement, with 21 years remaining.
5. Body corporate salary is $67,500 plus GST, exhibiting continuous growth with CPI.
6. Efficient and straightforward operation with consistently high booking demand.
7. Manager's unit features 2 bedrooms, 1 bathroom, 1 security car park, and air conditioning.
8. Exclusive use of a professional office with a separate entrance.
9. Convenient location near the beach, shops, restaurants, and public transport, offering both centrality and tranquility.
10. Numerous storage options available, and the community is pet-friendly.
11. Experience a retired Gold Coast lifestyle while earning a lucrative income.
12. All this for a total price of $1,400,000, including the magnificent Manager's Unit.

Management Rights Multiplier: 4.00
ROI Estimate: 25.00%

Listing location
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