Yeppoon, Queensland
Sold & Settled - ID 9174
SOLD
Business Description
Enjoy Flexible Arrangements and Great Lifestyle
- Price $600,000
- Net $134,941 for management rights businesses plus average last 3 years $114,290 per annum sales commissions.
- No managers real estate in either complex.
- Fabulous Yeppoon lifestyle overlooking central CBD and Great Keppel Island on Queensland’s southern Great Barrier Reef
- Body Corporate salaries (2) total $64,312 (plus GST) per annum both currently under review for increase and if approved benefit for incoming purchaser.
- No set office hours only contactable by phone – enjoy flexible arrangements and great lifestyle.
- Permanent rental pool with only 14 luxury apartments.
- Long term agreements of 25 years with 21 years remaining.
The perfect combination of quality lifestyle and strong income streams.
Net profit $134,941 management rights business plus residential sales commission income to the right buyer.
Net Profit: $134,941
Asking Price: $600,000
For further information or to arrange an inspection of this business opportunity contact:
Exclusive Management Rights Broker
Peter Ward
Property Code: 934
Business Summary
Business Snapshot
Price: SOLD
Net Profit: $134,941 Remuneration / Body Corp Salary: $64,312
Complex Information
Complex Type: PermanentTotal Units in Complex: 44Total Units in Letting Pool: 14Owner Occupy Units: 30Agreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesGym: Yes
Key Investment Insights
1. The business is sold and settled for the price of $600,000.
2. The net profit for the management rights business is $134,941, with an additional average of $114,290 per annum in sales commissions over the last 3 years.
3. There are no managers' real estate properties included in the sale.
4. The location offers a fabulous lifestyle in Yeppoon, with views of the central CBD and Great Keppel Island on the southern Great Barrier Reef.
5. The body corporate salaries for both complexes total $64,312 per annum, with a potential for increase if approved.
6. The business offers flexible arrangements and no set office hours, with contact only by phone.
7. The rental pool consists of 14 luxury apartments.
8. The agreements are long-term, with 25 years remaining on a 21-year agreement.
9. The business offers a perfect combination of lifestyle and strong income streams.
10. The net profit for the management rights business is $134,941, with additional residential sales commission income available to the right buyer.
11. For further information or to arrange an inspection, interested parties can contact the exclusive management rights broker, Peter Ward.
12. The complex is permanent and consists of 44 units, with 14 units in the letting pool and 30 owner-occupied units.
13. The agreement term is 25 years, with 20 years remaining.
14. The complex offers amenities such as a pool, spa, and gym.
