Key Investment Insights
1. Located in the heart of Surfers Paradise, a highly desirable and sought-after location in Australia.
2. Offers a perfect balance between lifestyle and investment.
3. Generates a net profit of approximately $88,363 per annum, including a $50,000 salary component.
4. Supported by a manageable letting pool of 10 units out of a total of 22 in the complex.
5. On-title manager's unit is a well-maintained two-bedroom, one-bathroom residence with a dedicated office space.
6. Minimal caretaking duties, making day-to-day operations easy to manage.
7. Standard agreements in place, providing a solid foundation for ongoing operations.
8. Situated on a generous 1,616m² land parcel with potential for future development.
9. Zoned for unlimited height, offering high-rise redevelopment opportunities.
10. Suitable for first-time management rights operators or semi-retired couples.
11. Represents a smart acquisition for investors or developers looking to landbank a future development site while earning an income.
12. Rare combination of secure income stream, strategic location, and high-potential development upside.
13. Listed by Ras360, specialists in management rights, motels, hotels, pubs, and parks.
14. Total price of $1.175 million includes $375,000 for management rights and $800,000 for the manager's unit.
15. Net profit of $88,363 and remuneration/body corp salary of $51,900.
16. Manager's unit valued at $800,000 and includes 2 bedrooms, 1 bathroom, and 1 car space.
17. Complex is permanent and has a total of 22 units, with 10 in the letting pool and 12 managed by outside agents.
18. Agreement term of 25 years with 10 years remaining.
Management Rights Multiplier: 4.24
ROI Estimate: 23.56%