Yeppoon, Queensland

Exclusive - Rare Permanent MR in Prime Location – ID 8676

$895,000

Business Description

Permanent Management Rights for Sale
Strong Income, Easy Caretaking Duties & Coastal Lifestyle

- Price $895,000 includes substantial 3-bedroom residence in highly regarded Pandanus Park.

- Net $102,529 which includes Body Corporate Salary $108,924 (plus GST).

- Fabulous Yeppoon lifestyle and right in the heart of town.

- Very reasonable office hours only requiring to be contactable.

- Managers duties mainly caretaking of gardens, lawns, and pool.

Very rare opportunity to purchase a permanent management rights complex in coastal Yeppoon. Great income and lifestyle.

Net Profit: $102,529
Asking Price: $895,000 (Inclusive of Managers Real Estate)

For further information or to arrange an inspection of this business opportunity contact:

Exclusive Management Rights Broker
Peter Ward

Property Code: 961

Business Summary

Business Snapshot

Price: $895,000 Net Profit: $102,529 Remuneration / Body Corp Salary: $108,924

Managers Unit

Value of Managers Apartment: $595,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title

Three-bedroom residence standalone house with two-bathrooms, and two-car garage.

Complex Information

Complex Type: PermanentTotal Units in Complex: 57Total Units in Letting Pool: 8Owner Occupy Units: 40Outside Agent Units: 8Manager Units: 1Agreement Module: AccommodationAgreement Term Remaining: 11 yearsPool: YesBBQ Area: Yes

Marketing Agent

Peter Ward

1300 9....

MR Sales

Key Investment Insights

Key Insights:

1. Rare opportunity to purchase a permanent management rights complex in coastal Yeppoon.
2. Strong net income of $102,529, including a body corporate salary of $108,924 (plus GST).
3. Price of $895,000 includes a substantial 3-bedroom residence in highly regarded Pandanus Park.
4. Located in the heart of Yeppoon, offering a fabulous lifestyle.
5. Very reasonable office hours and mainly caretaking duties of gardens, lawns, and pool.
6. Only requires the manager to be contactable, providing an easy and low-stress workload.
7. Complex consists of 57 units, with 8 units in the letting pool and 40 owner-occupied units.
8. Agreement module is accommodation with 11 years remaining.
9. Manager's unit is a standalone house with 3 bedrooms, 2 bathrooms, and a 2-car garage.
10. Complex amenities include a pool and BBQ area.
11. Contact Exclusive Management Rights Broker Peter Ward for further information or to arrange an inspection.

Management Rights Multiplier: 2.93
ROI Estimate: 34.18%