Surfers Paradise, Queensland
Chevron Island Multiplier 2.84 Permanent - ID 8147
SOLD
Business Description
Permanent Management Rights For Sale
Manager Lives Offsite
- Exceptional Low multiplier 2.84.
- No set office hours.
- Large body corporate salary of $60,035 + GST with CPI increased every year.
- Net profit exceeding $87,000.
- Additional Income: Managers unit currently rented at $18,000+ p.a.
- Manager does not live on-site.
- Low Maintenance: Premium street appeal with minimal gardens.
- All Permanent rentals with letting pool 15 of total units 33, outside agents 1, owner occupied 17.
- 25 years’ long-term agreement, with 20 years’ remaining.
- Spacious two-bedroom, two-bathroom 2 security car spaces residence beautifully appointed with a sunny balcony and super large private courtyard.
- Attached office on title with external entry.
- Best location in Gold Coast, close to everything.
For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:
Management Rights Broker
Bill He
Property Code: 967
Business Summary
Key Investment Insights
1. Exceptional low sale multiplier of 2.84, indicating strong value for a management rights purchase.
2. Permanent management rights structure, providing stable recurring income.
3. Manager lives offsite and does not occupy the managers unit, allowing rental income from that residence.
4. Managers unit currently rented at $18,000+ per annum, adding to overall cash flow.
5. Large body corporate salary of $60,035 plus GST, CPI-indexed annually, providing predictable increases.
6. Net profit exceeding $87,000, demonstrating solid owner earnings.
7. 25-year long-term agreement with 20 years remaining, offering long tenure and security.
8. All permanent rentals, with a letting pool of 15 of 33 units, one unit with outside agents, and 17 owner-occupied units, indicating stable occupancy mix.
9. No set office hours, giving operational flexibility for the manager.
10. Attached office on title with external entry, useful for on-site administration or potential rental.
11. Low maintenance complex with premium street appeal and minimal gardens, reducing upkeep demands.
12. Prime Gold Coast location described as best on the Gold Coast, centrally located and close to amenities.
