Surfers Paradise, Queensland
3.45 Multiplier in Surfers & Waterfront Living - ID 7993
$1,698,000
Business Description
Permanent Management Rights for Sale
Huge Upgrade Potential
- Very high net profit: $172,159.
- Mixed apartment letting pool: 12 permanent rentals, 17 outside agents, 15 lockups—low risk with huge growth potential.
- Large Body Corporate salary: $132,092 plus GST, CPI increases annually, making up over 70% of total income.
- Secure investment: You get high returns with minimal concerns.
- Long-term agreement: 25 years total, 22 years remaining, ensuring stability.
- Potential for higher income: Convert permanent rentals to holiday letting in popular Surfers Paradise.
- Simple operations & easy management with efficient systems in place.
- Modern waterfront manager’s unit: Spacious 2-bed, 2-bath, 1 secure car space, fully air-conditioned with a huge private yard.
- Large professional office included: 30 sqm of dedicated workspace with a peaceful and productive atmosphere.
- Breathtaking water views in a modern, tranquil complex—you’ll fall in love instantly.
- Prime Gold Coast location: Close to major roads, public transport, beaches, shops, restaurants, and medical centres in a highly sought-after, quiet, and central area.
- Total price: $1,698,000, including a superb waterfront manager’s unit.
Looking for a secure, high-income business with luxurious waterfront living? Look no further—this perfect opportunity brings your dream to life.
Net Profit: $172,159
Asking Price: $1,698,000
(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: 977
Business Summary
Business Snapshot
Price: $1,698,000
Net Profit: $172,159 Remuneration / Body Corp Salary: $132,092Business Value: $598,000
Managers Unit
Value of Managers Apartment: $1,100,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitleWaterfront apartment, 2 bedrooms, 2 bathrooms, air conditioning and huge private yard.
Complex Information
Complex Type: PermanentAgreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesGym: YesTennis Court: YesGames Room: YesBBQ Area: Yes
Key Investment Insights
AI generated. Confirm details with the seller.
Key Insights:
1. High net profit of $172,159.
2. Mixed apartment letting pool with potential for growth.
3. Large Body Corporate salary of $132,092 plus GST.
4. Secure investment with minimal concerns.
5. Long-term agreement of 25 years with 22 years remaining.
6. Potential for higher income by converting permanent rentals to holiday letting.
7. Simple operations and easy management with efficient systems in place.
8. Modern waterfront manager's unit with 2 bedrooms, 2 bathrooms, and a private yard.
9. Large professional office included.
10. Breathtaking water views in a modern and tranquil complex.
11. Prime Gold Coast location with easy access to major roads, public transport, beaches, shops, restaurants, and medical centres.
12. Total price of $1,698,000 including a waterfront manager's unit.
13. Perfect opportunity for a secure, high-income business with luxurious waterfront living.
Management Rights Multiplier: 3.47
ROI Estimate: 10.14%
