Upper Coomera, Queensland

Townhome $625,000 Business $614,000 BC Salary Over 70%

$1,239,000

Business Description

A unique opportunity to acquire flexible management rights to a thriving residential complex in the sought-after suburb of Upper Coomera.

The freedom and flexibility offered by Oxford Mews are unparalleled, with no set office hours, allowing the incoming operator to tailor their work schedule to suit their lifestyle, providing a perfect balance between work and leisure.

The business is underpinned by a long agreement term of over 18 years, providing long-term security and peace of mind. This is a testament to the healthy and supportive relationship with the Body Corporate Committee, which has been successfully maintained over the years.

The solid Body Corporate salary, which constitutes 70% of the total income, provides a reliable and substantial income stream. Priced according to bank valuation, the managers residence is a spacious stand-alone townhouse (193m2), boasting three bedrooms, two bathrooms, one study and an additional living area upstairs. The office/reception facility is on-title and attached, and the unit is complemented by an on-title garage and an exclusive-use private yard.
• Unrestricted operational hours offering unmatched flexibility
• Secured by a long-term agreement of 18 years, ensuring stability
• Expansive three-bedroom, two-bathroom manager's unit with an attached office
• Solid income stream with strong body corporate salary
• Situated in a high-demand rental area, promising consistent tenant flow
• Manageable caretaking duties, ideal for both newcomers and experienced operators
• Backed by a supportive body corporate committee, fostering a harmonious business environment

Business Summary

Business Snapshot

Price: $1,239,000 Net Profit: $178,786 Remuneration / Body Corp Salary: $86,263

Managers Unit

Value of Managers Apartment: $625,000Bedrooms: 3Bathrooms: 2Car Spaces: 4

Complex Information

Complex Type: PermanentTotal Units in Complex: 46Total Units in Letting Pool: 16Owner Occupy Units: 25Outside Agent Units: 5Agreement Term: 25 yearsAgreement Term Remaining: 18 years
Marketing Agent
Paul Mueller
Paul Mueller

Key Investment Insights

1. Unique opportunity to acquire flexible management rights to a thriving residential complex in a sought-after suburb.
2. No set office hours, allowing for a perfect work-life balance.
3. Long agreement term of over 18 years providing stability and security.
4. Strong and supportive relationship with the Body Corporate Committee.
5. Solid Body Corporate salary, constituting 70% of total income.
6. Spacious and well-appointed manager's residence with attached office.
7. Located in a high-demand rental area, ensuring consistent tenant flow.
8. Manageable caretaking duties, suitable for both newcomers and experienced operators.
9. Backed by a supportive body corporate committee, fostering a harmonious business environment.
10. Priced according to bank valuation.
11. Unrestricted operational hours offering unmatched flexibility.
12. Additional income potential through outside agent units.
13. Total of 46 units in the complex, with 16 units in the letting pool.
14. Owner-occupied units make up 25% of the complex, providing a stable community.
15. Agreement term of 25 years with 18 years remaining.

Management Rights Multiplier: 3.43
ROI Estimate: 29.12%

Listing location
Gallery

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