Surfers Paradise, Queensland
High Salary $472,163 + GST With Supervisory Role - ID 8532
$3,869,686
Business Description
Permanent Management Rights for Sale
Salary $331,375 & Huge Income Growth Potential
- 77% of income derived from stable salaries of $331,375 plus GST
- High net operating profit of $428,657
- All permanent rentals with a very small letting pool of 30, plus 15 with outside agents
- Long-term 25-year agreement with 22 years remaining
- Significant additional income opportunities available, including strong sales commission potential
- Spacious, modern 3-bedroom apartment with 2 bathrooms, secure car space, and an expansive private courtyard
- Professional office with 3 large rooms, front desk, and ample storage
- Stylish, well-maintained modern building
- Exceptional location: shopping centre, restaurants, bars, pharmacy, medical centre, beach, park, and public transport all within walking distance
- Peaceful, high-quality building with first-class facilities
- Located within a highly regarded school catchment
- Low multiplier of only 4.66
Total selling price: only $3,500,000
(includes modern 3-bedroom apartment and professional offices).
Super-stable high income combined with luxury and convenience. Earn more and live your best.
Net Profit: $428,657
Asking Price: $3,500,000
(Inclusive 3-Bedroom Residential and Office 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: 878
Business Summary
Business Snapshot
Price: $3,869,686
Net Profit: $439,943 Remuneration / Body Corp Salary: $472,163
Managers Unit
Value of Managers Apartment: $1,430,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Pets OK: YesComplex Information
Complex Type: PermanentAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesIndoor Pool: YesSpa: YesSauna: YesGym: YesTennis Court: YesGames Room: Yes
Key Investment Insights
- Majority of income derived from stable salaries, providing a consistent and reliable source of revenue
- High net operating profit, indicating strong financial performance and potential for growth
- Small letting pool with potential for expansion, providing opportunity for increased income
- Long-term agreement in place, providing stability and security for the business
- Additional income opportunities available, including potential for sales commissions
- Modern and spacious 3-bedroom apartment with luxurious features and amenities
- Professional office space with ample storage and modern facilities
- Stylish and well-maintained building in a desirable location
- Convenient and sought-after location, with a variety of amenities within walking distance
- Peaceful and high-quality building with exceptional facilities
- Located within a highly regarded school catchment, appealing to families and potential renters
- Low multiplier, indicating good value for the asking price.
Management Rights Multiplier: 5.55
ROI Estimate: 18.03%
