West Burleigh, Queensland

Under Contract / Offer

Property Description

Business For Sale - Style, Location, Lifestyle - ID 8786 BL

- Permanent Letting in Popular Location
- Management rights for sale
- Long agreements in place
- Sizeable Body Corporate salary and attached office on title
- Adjacent to the Tallebudgera Creek, close to the M1, schools and an array of shops and cafes
- A golden opportunity to increase the net profit if desired
- This complex is ideal for those new to the industry or perhaps someone wanting to downsize
- A quiet and well maintained complex awaits
- Functional open plan design with renovated kitchen, double lock up garage and a separate laundry
- Location and lifestyle is assured with this permanent management rights business. Very little additional income is derived from additional Body Corporate work or repairs and maintenance on behalf of owners, so there is a golden opportunity to increase the net profit if desired. The opportunity also exists to regain units that are not currently in the letting pool. This complex is deal for those new to the industry or perhaps someone wanting to downsize. A quiet and well maintained complex awaits the discerning buyer who will acquire a business with plenty of upside.

Net Profit: $101,101
Asking Price: $855,000
(Inclusive of manager's real estate)

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

Listing Brokers
Deborah Tilley & Ian Forbes

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $101,101 Remuneration / Body Corp Salary: $79,102Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $420,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title
Very well presented manager's townhouse, 3 bedrooms, 2 and a half bathrooms, Recently renovated kitchen, Air conditioning, Tiled living areas, Functional open plan design, Double lock up garage, Separate laundry, This home ticks all the boxes

Complex Information

Complex Type: PermanentTotal Units in Complex: 56Total Units in Letting Pool: 36Holiday Units: 18Permanent Units: 18Owner Occupy Units: 29Outside Agent Units: 8Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesBBQ Area: Yes

Marketing Agent


Marketing Agency

MR Sales

Deborah Tilley
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

West Burleigh, Queensland 4219 Exact map location not provided

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