Surfers Paradise, Queensland

Exclusive - No Onsite Living Required - Exceptional 3.30 Multiplier! - ID 7970

$980,000

Business Description

Permanent Management Rights For Sale
Quality Two-Bedroom Manager’s Residence with Huge Exclusive-Use Office

- No requirement to live onsite: This offers the potential to rent out the manager's residence for approximately $40,000 in additional annual income, increasing your total overall return to more than $110,000 per annum.

- Ultimate flexibility: No fixed office hours, offering greater lifestyle freedom.

- Exceptional value: Low business multiplier of just 3.30.

Secure & stable: Long-term 25-year agreement with approximately 22 years remaining, backed by a very supportive and friendly body corporate committee.

- Solid financial foundation: Strong recurring body corporate remuneration of $57,354 plus GST per annum, featuring annual CPI increases.

- Consistent market: Predominantly one-bedroom apartments, providing a highly stable permanent rental demographic.

- Easy caretaking: Low-maintenance complex with excellent street appeal, minimal garden upkeep, and relatively few hours required.

- Growth potential: Established permanent letting pool of 15 apartments, with a further 7 currently managed by outside agents—offering a clear pathway to expand the portfolio and increase future income.

A Genuine Deal. Exceptional Value. Outstanding Opportunity!

Net Profit: $73,108
Asking Price: $980,000 (Inclusive of Manager's Real Estate)

Call Bill He on ---------- NOW to arrange an inspection and secure this Gold Coast Management Rights opportunity.

Property Code: 1207

Business Summary

Complex Information

Marketing Agent

Bill He

MR Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Asking price of $980,000 includes the manager’s real estate, with a business multiplier of 3.30 and reported net profit of $73,108.
2. No requirement to live onsite, with potential residence rental income of approximately $40,000 annually, lifting overall returns above $110,000.
3. No fixed office hours and relatively few caretaking hours offer operational flexibility.
4. Long term management agreement has approximately 22 years remaining, supported by a friendly and supportive body corporate committee.
5. Recurring body corporate remuneration of $57,354 plus GST annually includes annual CPI increases.
6. Quality two bedroom manager’s residence includes a large exclusive use office.
7. Low maintenance complex offers excellent street appeal and minimal garden upkeep.
8. Established permanent letting pool comprises 15 apartments, with seven externally managed apartments offering potential portfolio growth.
9. Gold Coast complex predominantly comprises one bedroom apartments serving a permanent rental demographic.