Upper Coomera, Queensland

Motivated Seller, Welcome all Offers Permanent Management Rights Featuring Dual Income Streams

Under Contract / Offer

Business Description

Eager to embrace the work-from-home lifestyle?

Discover an enticing opportunity with permanent management rights, located in the vibrant community of Coomera. This thriving gated complex boasts 46 townhouses and an array of amenities, including a beautiful pool, a petite gymnasium, BBQ area and a communal recreation room.

A secondary income stream is derived from a portfolio of 22 external properties nestled within the nearby streets. Streamlined digital rent payments facilitate seamless management for both internal and external rentals.

The managers’ townhouse is a double storey featuring three bedrooms plus downstairs office, two bathrooms, and a generously proportioned open-plan kitchen and living area that seamlessly transitions to a charming outdoor patio and garden space. Not to mention, this residence boasts a trio of dedicated parking spaces for your convenience.

This prime location offers plenty of shopping options, including the nearby Coomera Westfield, proximity to renowned theme parks, a wide selection of private and public schools, and easy access to the M1 motorway, making it a sought after location for renters.

Plenty of upside to this business as it currently has 13 outside agents.

Seize this chance to explore the possibilities – don't let it slip away.

Net Profit: $182,169

Property Code: 5

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $182,169 Remuneration / Body Corp Salary: $86,264Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $625,000Bedrooms: 4Bathrooms: 2Pets OK: Yes
Large spacious freestanding townhouse comprising of 3 Bedroom + Office or fourth Bedroom, 2 Bathroom + Office, 3 car spaces. Spacious lounge, Outdoor patio and garden

Complex Information

Complex Type: PermanentTotal Units in Complex: 46Total Units in Letting Pool: 17Owner Occupy Units: 15Outside Agent Units: 13Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesGym: YesBBQ Area: Yes
Marketing Agent
Rebecca Johnson
Rebecca Johnson

Hotel Resort Sales

Hotel Resort Sales

Key Investment Insights

1. The business is located in the vibrant community of Coomera, a sought-after location for renters due to its proximity to shopping options, theme parks, and schools.
2. The complex boasts 46 townhouses and an array of amenities, including a pool, gym, BBQ area, and communal recreation room.
3. The managers' townhouse is a spacious double storey with three bedrooms, an office, and a charming outdoor patio and garden space.
4. The business has a secondary income stream from a portfolio of 22 external properties.
5. The current net profit is $182,169, with a body corp salary of $86,264 that is reviewed annually.
6. There is potential for growth as the business currently has 13 outside agents.
7. The managers' unit is valued at $625,000 and is pet-friendly.
8. The complex is under a 25-year accommodation agreement, with 17 years remaining.
9. The complex features a pool, gym, and BBQ area for residents to enjoy.
10. The business offers the opportunity to embrace the work-from-home lifestyle.

Management Rights Multiplier: 3.37
ROI Estimate: 29.67%

Listing location
Gallery

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