Arundel, Queensland

$2,056,000

Property Description

Business For Sale - Large Gold Coast Permanent - ID 8895 BL

- Management Rights For Sale - Gold Coast
- Security gated permanent management rights business in sought after rental location situated between Westfield Helensvale and Harbourtown Shopping precinct
- Being close to A B Patterson College, demand is high and vacancies are rare, resulting in close to 100% occupancy
- Letting pool is very steady and comprises of 57 x 3 bedroom units
- Facilities include pool and BBQ area plus another pool, spa, sauna, gym, BBQ areas, children's playground and function room which the manager's do not have to look after
- Beautifully presented manager's residence featuring open plan living areas, modern kitchen, two bedrooms (originally 3 bedroom floorplan), two bathrooms, double garage, and private courtyard for outdoor living
- Separate air conditioned office is attached an on title and there are no set hours in the agreements
- The current owners are now looking to retire, creating a great opportunity for the incoming buyer to purchase a high netting business
- With a supportive and proactive Body Corporate Committee, long agreements, large sinking fund and generous Body Corporate salary, this business will suit those with handyman skills looking for a stable management rights business in a popular letting location

Net Profit: $292,000
Asking Price: $2,056,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Gold Coast management rights business for sale contact:

Exclusive Brokers
Deborah Tilley & Ian Forbes

Property Summary

Business Snapshot

Price: $2,056,000 Net Profit: $292,000 Remuneration / Body Corp Salary: $133,818Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $450,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Beautifully presented villa, Open plan living, Large laundry, Private courtyard for outdoor living

Complex Information

Complex Type: PermanentTotal Units in Complex: 73Total Units in Letting Pool: 57Permanent Units: 57Owner Occupy Units: 11Outside Agent Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: YesFunction Facilities: Yes

Marketing Agent


Marketing Agency

MR Sales

Deborah Tilley
MR Sales

Phone

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Property Map

Map Location ( get directions )

Arundel, Queensland 4214 Exact map location not provided

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