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: YesApartment 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
Key Investment Insights
Management Rights Multiplier: 4.03
ROI Estimate: 24.78%