Surfers Paradise, Queensland

Impressive Permanent on The Gold Coast - ID 8904

$2,615,000

Business Description

Permanent Management Rights For Sale
Centrally Located

- 83 apartment complex with 25 in the letting pool

- Mid rise level with lifts

- Body Corporate salary over $185,000

- Caretaking agreement, partially supervisory

- Long agreements expiring in 2049

- Office attached and on title - REI cloud based software

- No set office hours

- No requirement to live onsite in agreements

- 2 bedroom, 2 bathroom manager's residence with 2 undercover parking spots

- Plenty of exclusive use storage

- Excellent Body Corporate and committee

The complex is located in a sought after area close to all that the Gold Coast has to offer.

Net Profit: $289,329
Asking Price: $2,615,000
(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:
Phil Trimble

Property Code: 903

Business Summary

Business Snapshot

Price: $2,615,000 Net Profit: $289,329 Remuneration / Body Corp Salary: $186,209

Managers Unit

Value of Managers Apartment: $1,050,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On Title

Luxury apartment, 2 bedrooms, 2 bathrooms, open plan living, ample natural light, large balcony for outdoor entertaining, fully ducted air conditioning, gourmet kitchen, office on title, exclusive use to storage areas, 2 secure undercover parking spaces.

Complex Information

Complex Type: PermanentTotal Units in Letting Pool: 25Owner Occupy Units: 44Outside Agent Units: 9Lockup Units: 5Manager Units: 1Agreement Term Remaining: 25 yearsPool: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Phil Trimble

MR Sales

Key Investment Insights

Key Insights:

1. The business is a permanent management rights opportunity located on the Gold Coast.

2. The complex has 83 apartments, with 25 currently in the letting pool.

3. The complex is mid-rise and has lifts for easy access.

4. The body corporate salary for the business is over $185,000.

5. The caretaking agreement is partially supervisory.

6. The agreements for the complex are long-term, expiring in 2049.

7. The office is attached and on title, with REI cloud-based software.

8. There are no set office hours for the business.

9. The manager is not required to live onsite in the agreements.

10. The manager's residence is a 2 bedroom, 2 bathroom apartment with 2 undercover parking spots.

11. There is plenty of exclusive use storage for the manager.

12. The Body Corporate and committee are excellent.

13. The complex is located in a sought-after area close to all that the Gold Coast has to offer.

14. The net profit for the business is $289,329.

15. The asking price for the business is $2,615,000, which includes the manager's real estate.

16. The manager's apartment is valued at $1,050,000.

17. The complex is a permanent complex with 25 units in the letting pool, 44 owner-occupied units, 9 outside agent units, 5 lockup units, and 1 manager unit.

18. The agreements for the complex have 25 years remaining.

19. The complex has amenities such as a pool, BBQ area, and WIFI.

Management Rights Multiplier: 5.41
ROI Estimate: 18.49%