Upper Coomera, Queensland
Near New Permanent Complex, No Real Estate and No Office Hours
$800,000
Business Description
This high-quality permanent townhouse management rights business is located in the desirable suburb of Upper Coomera. Set up as a profitable business-only management and letting right opportunity, there is no real estate to purchase, or office hours specified. As a premium complex, 12 out of the 126 apartments in the pool and 59 Outside Agents, with rentals always in high demand. Perfect for operators seeking add-on with dependable income or as a base to develop a ready-made business in a fantastic area.
• High Net profit verified by industry accountant $160,125
• Underpinned by strong BC salary of $144,014
• Accommodation Module (25 year agreements, 20 years remaining)
• No set office hours
• No real estate to purchase or requirement to live onsite
• Premium product with strong rental yields
• All inspections by appointment only
Business Summary
Business Snapshot
Price: $800,000
Net Profit: $160,125 Remuneration / Body Corp Salary: $144,014
Managers Unit
Complex Information
Complex Type: PermanentTotal Units in Complex: 126Total Units in Letting Pool: 12Holiday Units: 12Owner Occupy Units: 55Outside Agent Units: 59Agreement Term: 25 yearsAgreement Term Remaining: 23 years
Key Investment Insights
Key Insights:
- High-quality permanent townhouse management rights business located in desirable suburb of Upper Coomera
- Profitable business-only management and letting right opportunity with no real estate to purchase or office hours specified
- 12 out of 126 apartments in the pool, with 59 Outside Agents, and rentals always in high demand
- Net profit verified by industry accountant at $160,125
- Strong BC salary of $144,014
- Accommodation Module with 25 year agreements and 20 years remaining
- Premium product with strong rental yields
- No set office hours and no requirement to live onsite
- All inspections by appointment only
- Managers unit included in the sale
- Complex type is permanent with a total of 126 units in the complex
- 12 units in the letting pool, 12 holiday units, 55 owner-occupied units, and 59 outside agent units
- Agreement term is 25 years with 23 years remaining.
