Telina, Queensland

Two Complexes at Gladstone

SOLD

Business Description

There is two complexes offered together 10 minutes apart circumstances require vendor to sell.
Vendor needs to go as he has other commitments. He has just dropped the price by $50,000
If you would love to live in Gladstone and have a beautiful home as well as a minimal work business . This is the one for you
Please submit offers from $649,000
Home $299,000
Business $350,000
Total $649,000
Please present your offers from $649,000

Please contact Robert Collins Exclusive Agent on ---------- or ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $100,000 Remuneration / Body Corp Salary: $90,431

Managers Unit

Value of Managers Apartment: $299,000Bedrooms: 4Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 61Total Units in Letting Pool: 7Owner Occupy Units: 14Outside Agent Units: 38Agreement Term: 25 yearsAgreement Term Remaining: 20 years
Marketing Agent
Robert Collins
Robert Collins

Key Investment Insights

1. Two complexes are being offered for sale together, located 10 minutes apart in Gladstone.
2. The vendor is motivated to sell due to other commitments and has recently reduced the price by $50,000.
3. The total price for both complexes is $649,000, with the home being valued at $299,000 and the business at $350,000.
4. The business offers minimal work and would be ideal for someone looking to live in Gladstone and have a beautiful home.
5. Offers for the entire package should start at $649,000.
6. Interested parties should contact Robert Collins, the exclusive agent, for more information.
7. The business has a net profit of $100,000 and a remuneration/body corp salary of $90,431.
8. The manager's unit is valued at $299,000 and has 4 bedrooms, 2 bathrooms, and 2 car spaces.
9. The complex is a permanent type with a total of 61 units, 7 of which are in the letting pool.
10. There are 14 owner-occupied units and 38 units managed by outside agents.
11. The agreement term is 25 years with 20 years remaining.

Management Rights Multiplier: 3.50
ROI Estimate: 28.57%

Listing location
Gallery

This Business is sold

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights For Sale

You may also like

Easy To Operate Management Rights in Paradise - ID 8696
MR Sales
Easy To Operate Management Rights in...

CANNONVALE

$795,000

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Easily Run Management Rights
North Queensland Management Rights
Easily Run Management Rights

AIRLIE BEACH

$637,000

Net Income: $207,354
Managers Estate: - - Bed - Bath
Letting Pool: 16
Remuneration: $30,190

1.86 Multiplier with 3-Bedroom Residence – ID 9144
MR Sales
1.86 Multiplier with 3-Bedroom Residence...

ANDERGROVE

$580,000

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

FREEHOLD WATERFRONT APARTMENT WITH NET PROFIT $123,195 LIFESTYLE IN AIRLIE BEACH FOR UNDER A $1M
Ward Commercial
FREEHOLD WATERFRONT APARTMENT WITH NET...

48 Coral Esplanade AIRLIE BEACH

$795,000

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

MANAGEMENT RIGHTS - Sky View Units, Bowen QLD - 1P0398
McDonald Hospitality Brokers (MHB)
MANAGEMENT RIGHTS - Sky View Units, Bowen...

47 Horseshoe Bay Road BOWEN

Management Rights - $789,000

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Beachfront Views Holiday Complex - ID 9009
MR Sales
Beachfront Views Holiday Complex - ID...

AIRLIE BEACH

$780,000

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Newly Converted FHGC Motel in Central Manukau City
Rare Wynnum Business Only Management Rights - $101k+ net profit | Resort Brokers ID : MRB008510
Circa 1928
Devine DeVille, a prime mixed Management Rights footsteps from the beach. | Resort Brokers ID : MR008491
FREEHOLD - Murrayland Holiday Apartments, Mildura VIC - 1P0472
Large $500k Perm Management Rights Coomera ROI% over 13.8%
Large Income, Huge Remuneration, Business Only Permanent GEM in Southside Brisbane
Business Only, 5% Remuneration Increase, 24 Years Permanent @ Inner City East
A Great Starting Opportunity Into The Motel Industry - 2642ML
Acquire a Prime Investment in stunning Hervey Bay! | Resort Brokers ID : MR008508
Iconic Australian Hotel Winton – Liquidator Sale, Expressions of Interest | Resort Brokers ID : INV008514
Prime Mangement Rights Opportunity in Northern GC growth corridor - NOP $449K+ | Resort Brokers ID : MR008501
High-Yield Management Rights Opportunity on Chevron Island
Easy Care Complex in Capalaba - Business Only
Robina Permanent Management Rights with Stunning Residence
Rare Opportunity For Hands-On Operator - 2851ML
Iconic Island Resort – Your Perfect Tropical Business
Waterfront, New 35 Year Lease, High ROI in Hervey Bay