Surfers Paradise, Queensland

High Salary $472,163 + GST With Supervisory Role - ID 8532

$3,869,686

Business Description

Permanent Management Rights for Sale
Luxury 3 Bedroom High End Apartment in Surfers Paradise

All garden & outdoor pool maintenance paid by Body CorporateAll internal cleaning costs excluded from net profit24-hour security services separately covered by Body CorporateSupervisory role for the manager with a premier management agreementHigh, stable Body Corporate salary of $472,163 plus GST, with annual CPI increasesExceptional net profit: $439,94310 year agreement with 9 years remainingSignificant income upside potential through sales commission opportunitiesAll permanent rentals with a letting pool of 13 in a renowned prestige buildingSpacious, modern luxury manager's apartment featuring 3 bedrooms, 2 bathrooms, secure car accommodation, air-conditioning, and a large private courtyardExpansive living areas with quality furnishings, plus 3 professional offices all on title Located in a peaceful and highly sought after pocket of Surfers Paradise. First class, high end luxury building. Close to shops, restaurants, medical centres, pharmacy, public transport & schools - everything at your doorstep. Extremely convenient lifestyle location.

First-class living. Top-tier business. Rock-solid income.
Secure it today – opportunities like this won’t come again for decades.

Net Profit: $439,943
Asking Price: $3,869,686
(Inclusive of Managers Real Estate)

For further information or to arrange an inspection of this Gold Coast Management Rights opportunity 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: Yes

Complex Information

Complex Type: PermanentAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesIndoor Pool: YesSpa: YesSauna: YesGym: YesTennis Court: YesGames Room: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

1. High guaranteed Body Corporate salary of $472,163 plus GST, with annual CPI increases.
2. Strong reported net profit of $439,943, offering immediate cashflow.
3. Asking price $3,869,686, sale inclusive of the manager’s real estate.
4. 10-year permanent management agreement, with 9 years remaining, providing long-term contract security.
5. Supervisory role for the manager under a premier management agreement, reducing day-to-day operational burden.
6. Significant income upside via sales commission opportunities, in addition to the Body Corporate salary.
7. All garden and outdoor pool maintenance paid by Body Corporate, and 24-hour security services separately covered by Body Corporate, lowering operator expenses.
8. Internal cleaning costs are excluded from the reported net profit, a material item for buyer due diligence.
9. All permanent rentals with a letting pool of 13 in a renowned high-end luxury building, indicating stable tenant mix and occupancy model.
10. Manager’s apartment is a spacious luxury 3-bedroom, 2-bath unit valued at $1,430,000, with secure 2-car accommodation, air-conditioning and large private courtyard.
11. Three professional offices included on title, supporting on-site management operations and revenue opportunities.
12. Prime, convenient Surfers Paradise location in a quiet pocket, close to shops, restaurants, medical centres, public transport and schools, within a first-class luxury complex featuring pools, indoor pool, spa, sauna, gym, tennis court and games room.

Management Rights Multiplier: 5.55
ROI Estimate: 18.03%