Yeppoon, Queensland
Exclusive - Two Adjacent Luxury Permanent Management Rights Complexes for Sale - ID 9174
Under Contract / Offer
Business Description
UNDER CONTRACT
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: Under Contract / Offer
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
Key Insights:
1. The business for sale is an exclusive opportunity to purchase two adjacent luxury permanent management rights complexes in Yeppoon, Queensland.
2. The asking price for the business is $600,000, with a net profit of $134,941 for the management rights businesses and an average of $114,290 per annum in sales commissions over the last 3 years.
3. The complexes do not include any managers real estate, making it an attractive option for potential buyers.
4. The location of the complexes offers a fabulous lifestyle with views of the central CBD and Great Keppel Island on the southern Great Barrier Reef.
5. The combined body corporate salaries for both complexes total $64,312 per annum, with potential for an increase if approved.
6. The business offers flexible arrangements and no set office hours, allowing for a great work-life balance.
7. The complexes have a permanent rental pool with only 14 luxury apartments, providing a manageable workload for the new owner.
8. The agreements for both complexes have a long term of 25 years with 21 years remaining.
9. The business is a perfect combination of a quality lifestyle and strong income streams, with a net profit of $134,941 for the management rights business and additional residential sales commission income.
10. For further information or to arrange an inspection, interested buyers can contact the exclusive management rights broker, Peter Ward.
11. The complex type is permanent, with a total of 44 units and 14 units in the letting pool. The remaining 30 units are owner-occupied.
12. The agreement term for both complexes is 25 years, with 20 years remaining.
13. The complexes also offer amenities such as a pool, spa, and gym for residents to enjoy.
