Surfers Paradise, Queensland

Secure High-Net Waterfront Luxury Living - ID 7993

$1,790,000

Business Description

Mixed Management Rights for Sale
Ample Upgrade Potential in a Prime Location

- Exceptionally high net profit of $187,175

- Body corporate salary of $129,737 plus GST, with CPI adjustments, constituting 70% of total income

- Diverse letting pool with 11 apartments: 7 holiday, 4 permanent, plus 16 managed by outside agents and 15 lockups

- Significant growth potential and very low risk, purchase with confidence and minimal concerns

- Long-term 25-year management agreement with 23 years remaining

- Efficient and straightforward operations already in place, very simple caretaking job with flexibility

- Modern waterfront manager’s unit with 2 bedrooms, 2 bathrooms, secure car space, air conditioning, and a large private yard

- Separate, spacious professional office (approx. 30 square meters) attached

- Magnificent building and beautiful units you'll fall in love with upon arrival

- Close to everything, beautiful & quiet waterfront location

- The real paradise of quality living, secure high income, and very simple work in Surfers Paradise

- Due to retirement, only $1,790,000 (business and property altogether)

Looking for a secure, high-income business combined with luxurious, waterfront, peaceful living? Look no further.
This is the perfect opportunity to make your dream come true.

Net Profit: $187,175
Asking Price: $1,790,000
(Inclusive of manager's real estate)

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

Property Code: 798

Business Summary

Business Snapshot

Price: $1,790,000 Net Profit: $187,175 Remuneration / Body Corp Salary: $129,737

Managers Unit

Value of Managers Apartment: $990,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title
Waterfront 2-bedroom, 2-bathroom, 1 carspace manager's unit with aircons and huge private yard.

Complex Information

Complex Type: MixedAgreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesSpa: YesGym: YesGames Room: YesBBQ Area: Yes

Key Investment Insights

Management Rights Multiplier: 4.27
ROI Estimate: 23.40%

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