Rainbow Bay, Queensland

Management Rights $1,095,000

Property Description

SELLERS WILL MEET THE MARKET - Gold Coast Management Rights for Sale by Rainbow Bay - 1P2783MR

A genuine opportunity to live and work in one of the most sought after areas on the Gold Coast.

Superbly located, this sheltered and quiet oasis is only 5 minutes' stroll to beautiful Rainbow Bay, Coolangatta Beach, shops, cafes and restaurants.

* Very popular holiday destination with a total of 36 Apartments.
* Solid support from repeat guests.
* Long term agreements with 21 years to run. Supportive Body Corporate.
* No Set Office Hours in agreements.
* An attractive complex with a sunny central pool / entertainment area.
* Well presented 2 Bed / 2 Bath Manager's unit with spacious outdoor area.
* Secure tandem car park / storage. Adjoining Office on Title.
* After 10 years the current managers are ready to move on and are motivated to sell, all reasonable offers will be considered.

* Net Profit - $150,000

Manager's Lot - $450,000
Business - $645,000
Total - $1,095,000

Property Summary

Business Snapshot

Price: Management Rights $1,095,000 Net Profit: $150,000 Remuneration / Body Corp Salary: $45,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $450,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: n/aTotal Units in Complex: 36Total Units in Letting Pool: 19Holiday Units: 16Permanent Units: 3Owner Occupy Units: 10Outside Agent Units: 4Lockup Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesBBQ Area: Yes

Other Features / Notes


Marketing Agent

Marketing Agency

CRE Brokers

Jim Lowe
CRE Brokers


Listing Tools

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Map Location ( get directions )

Rainbow Bay, Queensland 4225 Exact map location not provided

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