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: 16Holiday Units: 16Owner Occupy Units: 25Outside Agent Units: 5Agreement Term: 25 yearsAgreement Term Remaining: 18 years

Marketing Agent

Paul Mueller

0439 25....

RAAS Property Group

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 long-term security and peace of mind.
4. Solid Body Corporate salary, constituting 70% of total income, providing a reliable and substantial income stream.
5. Priced according to bank valuation, with a spacious stand-alone townhouse boasting three bedrooms, two bathrooms, and an attached office.
6. Unrestricted operational hours offering unmatched flexibility.
7. Located in a high-demand rental area, promising consistent tenant flow.
8. Manageable caretaking duties, ideal for both newcomers and experienced operators.
9. Backed by a supportive body corporate committee, fostering a harmonious business environment.
10. Net profit of $178,786 and remuneration/body corp salary of $86,263.
11. Manager's unit valued at $625,000 with three bedrooms, two bathrooms, and four car spaces.
12. Complex information includes 46 units, 16 in the letting pool, and a 25-year agreement with 18 years remaining.

Management Rights Multiplier: 3.43
ROI Estimate: 29.12%