Tugun, Queensland

Exclusive - $120,038 Stable Net & Larger Perfect Spaces - ID 8970

$1,358,000

Business Description

Permanent Management Rights For Sale
A Super Cooperative Committee and Peaceful Community

- Ideal for a couple: One can manage the onsite operations while the other maintains an offsite career for additional income.

- Net Income: $120,038. A large portion is derived from a stable Body Corporate salary of $89,832 + GST, with annual CPI increases.

- Secure Agreement: 25-year management rights agreement with 20 years remaining.

- Simple Letting Pool: All rentals are permanent; includes 11 units in a small, easy-to-manage pool, 2 external properties, and 4 units currently managed externally.

- Supportive Committee: Only two members, making for streamlined communication. All tools and equipment are provided by the Body Corporate.

- Flexible Schedule: No set office hours required.

- Growth Potential: Additional opportunities available to further increase the current income.

- Modern Residence: Stylish, newly renovated 2-bedroom, 1-bathroom apartment with 1-car accommodation, full air-conditioning, and a practical backyard.

- Bonus Spaces: Includes a large, separate 15-square-metre air-conditioned office (on title) plus an additional 15-square-metre storage area.

- Prime Setting: Set within a leafy, beautiful, and peaceful community.

Net Profit: $120,038
Asking Price: $1,358,000
(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Exclusive Management Rights Broker
Bill He

Property Code: 1125

Business Summary

Business Snapshot

Price: $1,358,000 Net Profit: $120,038 Business Value: $498,000

Managers Unit

Value of Managers Apartment: $498,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Features 2 bedrooms, 1 bathroom, and 1 car accommodation.

Complex Information

Complex Type: PermanentAgreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesBBQ Area: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

1. Net profit $120,038, providing a stable cashflow for owner-operators.
2. Significant component is a Body Corporate salary of $89,832 plus GST, with annual CPI increases, enhancing income security.
3. 25-year management rights agreement in place with 20 years remaining, offering long-term contractual stability.
4. Simple letting pool structure, comprising 11 permanent rental units, two external properties, and four units managed externally, reducing operational complexity.
5. Extremely small, cooperative committee of only two members, enabling streamlined decision-making and communication.
6. Body Corporate supplies all tools and equipment, lowering upfront capital and ongoing maintenance responsibilities for the manager.
7. Flexible work arrangement with no set office hours, suitable for semi-absentee ownership or dual-income couples.
8. Clear growth potential noted, opportunities exist to increase current income beyond the stated net.
9. Manager residence is a stylish, newly renovated two-bedroom, one-bathroom apartment with single-car accommodation, full air-conditioning, and a practical backyard, improving lifestyle and rental appeal.
10. Included ancillary assets comprise a large separate 15 square metre air-conditioned office on title and an additional 15 square metre storage area, adding functional and saleable value.
11. Property is positioned in a leafy, peaceful Gold Coast community, enhancing desirability for residents and managers.
12. Asking price $1,358,000 inclusive of manager’s real estate, clarifying total acquisition cost.

Management Rights Multiplier: 7.16
ROI Estimate: 8.84%