Upper Coomera, Queensland

Easily Managed Permanent - ID 9107

$1,239,000

Business Description

Managment Rights For Sale
Upper Coomera

- Gated townhouse estate

- 46 units in the complex

- 16 in the letting pool plus an additional 25 external lets

- Great stepping stone to building a rent roll

- Accommodation Module with over 18 years remaining

- Body Corporate salary of $86,264

- REI Master software

- No office hours

- Office attached and on title

- 3 bedroom, 2 bathroom manager's residence with 3 car parking spaces

Onsite facilities include gym, swimming pool, BBQ, children's playground and recreation room.

Upper Coomera boasts a terrific selection of local schools, plenty of shopping, dining and entertainment options and is based in the centre of the Gold Coast Theme Park precinct.

Net Profit: $172,827
Asking Price: $1,239,000
(Inclusive of manager's real estate)

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

Management Rights Broker
Phil Trimble

Property Code: 686

Business Summary

Business Snapshot

Price: $1,239,000 Net Profit: $172,827 Remuneration / Body Corp Salary: $86,264

Managers Unit

Value of Managers Apartment: $625,000Bedrooms: 3Bathrooms: 2Car Spaces: 3Office: On TitlePets OK: Yes

3 bedroom townhouse, Office attached and on title, 2 bathrooms, Air conditioning, Open plan living opens out onto private courtyard, 3 car accommodation.

Complex Information

Complex Type: PermanentTotal Units in Complex: 46Total Units in Letting Pool: 16Permanent Units: 16Owner Occupy Units: 16Outside Agent Units: 13Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesGym: YesBBQ Area: Yes

Marketing Agent

Phil Trimble

MR Sales

Key Investment Insights

Key Insights:

- Gated townhouse estate with 46 units in the complex.
- 16 units in the letting pool and 25 external lets.
- Great opportunity to build a rent roll.
- Accommodation Module with 18 years remaining.
- Body Corporate salary of $86,264.
- REI Master software used.
- No office hours required.
- Office attached and on title.
- 3 bedroom, 2 bathroom manager's residence with 3 car parking spaces.
- Onsite facilities include gym, swimming pool, BBQ, children's playground and recreation room.
- Located in Upper Coomera with a selection of local schools, shopping, dining, and entertainment options.
- Net profit of $172,827.
- Asking price of $1,239,000, inclusive of manager's real estate.

Management Rights Multiplier: 3.55
ROI Estimate: 28.15%