Surfers Paradise, Queensland

No Set Office Hours & No Requirement to Live Onsite - ID 8828

$1,650,000

Business Description

Mixed Management Rights for Sale
Magnificent Quality Residence in Prime Beach Location

- No set office hours; high net operating profit of $173,492.

- Professional, high-quality office on title with separate entrance (exclusive use).

- Letting pool of 11 + 1, including 8 holiday and 3 permanent rentals, plus 2 lockups.

- 25-year long-term agreement with 22 years remaining.

- Body Corporate salary of $57,151 + GST, with annual CPI increases.

- Very cooperative and easy-to-work-with committee.

- Plenty of large storage spaces for operational convenience.

- No requirement to live onsite.

- Impeccably run business with every detail in perfect order.

- Consistently rated above 9/10 on Google reviews.

- Minimal caretaking duties – very low workload.

- Spacious, modern 2-bedroom manager’s residence with 1-bathroom, extra toilet, secure car park, large living area, and quality finishes.

- Two huge outdoor living areas for added space and comfort.

- Pet-friendly and perfectly located – walk to restaurants, beach, bars, shops, and public transport, while still enjoying a peaceful, safe setting away from noise.

- Total asking price: $1,650,000 (includes the magnificent Manager’s Unit)

Come and take a look - once you compare, you’ll see the real difference.
Act quickly to secure this exceptional opportunity.

Net Profit: $173,492
Asking Price: $1,650,000
(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: 1010

Business Summary

Business Snapshot

Price: $1,650,000 Net Profit: $173,492 Remuneration / Body Corp Salary: $57,151

Managers Unit

Value of Managers Apartment: $950,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Apartment with two-bedrooms, well-appointed bathroom plus guest toilet, and one secure car space.

Complex Information

Complex Type: MixedAgreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesSauna: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

- No set office hours and high net operating profit of $173,492.
- Professional, high-quality office on title with separate entrance.
- Letting pool of 11 + 1, including 8 holiday and 3 permanent rentals, plus 2 lockups.
- 25-year long-term agreement with 22 years remaining.
- Body Corporate salary of $57,151 + GST, with annual CPI increases.
- Very cooperative and easy-to-work-with committee.
- Plenty of large storage spaces for operational convenience.
- No requirement to live onsite.
- Impeccably run business with every detail in perfect order.
- Consistently rated above 9/10 on Google reviews.
- Minimal caretaking duties – very low workload.
- Spacious, modern 2-bedroom manager’s residence with 1-bathroom, extra toilet, secure car park, large living area, and quality finishes.
- Two huge outdoor living areas for added space and comfort.
- Pet-friendly and perfectly located – walk to restaurants, beach, bars, shops, and public transport, while still enjoying a peaceful, safe setting away from noise.
- Total asking price: $1,650,000 (includes the magnificent Manager’s Unit).

Management Rights Multiplier: 4.03
ROI Estimate: 24.78%