Upper Coomera, Queensland

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

SOLD

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: SOLD 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

Craig Johnson

Hotel Resort Sales

Key Investment Insights

1. Permanent management rights business with dual income streams.
2. Located in the vibrant community of Coomera with 46 townhouses and 22 external properties.
3. Amenities include a pool, gym, BBQ area, and communal recreation room.
4. Manager's townhouse features three bedrooms, an office, and open-plan living with outdoor space.
5. Prime location with easy access to shopping, theme parks, schools, and the M1 motorway.
6. Potential for growth with 13 outside agents currently managing properties.
7. Net profit of $182,169.
8. Manager's unit valued at $625,000.
9. Complex type is permanent with 46 units, 17 in the letting pool, and 15 owner-occupied.
10. Agreement module is accommodation with 17 years remaining on the 25-year term.
11. Additional amenities include a pool, gym, and BBQ area.

Management Rights Multiplier: 3.37
ROI Estimate: 29.67%