Surfers Paradise, Queensland

1.81 Multiplier in Surfers Paradise - ID 9167

$1,068,000

Business Description

Mixed Management Rights For Sale
A Super Bargain You Have Never Seen Before!

- Super Low multiplier only 1.81 in Surfers Paradise

- Simple job and less workload.

- High stable body corporate salary $104,404 plus GST with CPI increase.

- High Net profit $136,430.

- Mix rentals with letting pool only 8 (holiday 3 and permanent 5), outside agents 8. Very small percentage of rental pool.

- You pay what you can get! The REAL Solid Value!

- Huge potential for income growth through multiple resources (letting pool increase, sale commission, maintenance income etc.)

- If you have very good communication skills and handy, you can make much MORE!

- Good manager’s residence with 2 bedrooms, 2 bathrooms, 1 security underground car space.

- Beautiful multiple courtyards, large professional office and reception area on title.

- Super convenient location, close to everything, all in walking distance, shops, restaurants, beach, park, public transport etc.

- The total price is only $1,068,000 (including very good 2 bedroom’s apartments in Surfers Paradise).

It must be QUICK to get this super deal!

Net Profit: $136,430
Asking Price: $1,068,000
(Inclusive of Managers Real Estate)

For further information or to arrange an inspection of this business opportunity contact:

Management Rights Broker
Bill He

Property Code: 898

Business Summary

Business Snapshot

Price: $1,068,000 Net Profit: $136,430 Remuneration / Body Corp Salary: $104,404

Managers Unit

Value of Managers Apartment: $820,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title

Two-bedroom, two-bathroom, and one secure underground car space

Complex Information

Complex Type: MixedTotal Units in Complex: 55Total Units in Letting Pool: 8Owner Occupy Units: 38Outside Agent Units: 8Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 15 yearsPool: YesSpa: YesSauna: YesTennis Court: YesBBQ Area: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

Key Insights:

1. The business for sale is a mixed management rights opportunity in Surfers Paradise, with a low multiplier of only 1.81.
2. The job is simple and has a low workload.
3. The body corporate salary is high and stable at $104,404 plus GST with CPI increase.
4. The net profit is also high at $136,430.
5. The rental pool is a mix of holiday and permanent rentals, with only 8 in the letting pool and a small percentage managed by outside agents.
6. There is potential for income growth through various sources such as increasing the letting pool, earning commission on sales, and maintenance income.
7. Good communication skills and handy skills can lead to even higher profits.
8. The manager's residence is a 2 bedroom, 2 bathroom apartment with a security underground car space.
9. The location is convenient and within walking distance to shops, restaurants, the beach, park, and public transport.
10. The total price for the business is $1,068,000, which includes a 2 bedroom apartment in Surfers Paradise.
11. The managers apartment is valued at $820,000.
12. The complex has a mix of 55 units, with 8 in the letting pool and 38 owner-occupied units.
13. The agreement module is accommodation and the remaining term is 15 years.
14. The complex also has amenities such as a pool, spa, sauna, tennis court, and BBQ area.

Management Rights Multiplier: 1.82
ROI Estimate: 55.01%