Perfect add on business with excellent ROI | Resort Brokers ID : MR008233
$2,867,500
Permanent Management Rights, Bundall QLD
Location, Location, Location. Nestled in the heart of Bundall, this permanent gated community business is centrally located on the Gold Coast. This opportunity presents not only a convenient location, but a stable letting pool and strong Body Corporate salary combined to generate a rewarding net profit. This property offers the perfect opportunity for security and efficiency which may suit a first-time operator or even the sophisticated buyer looking for additional income security and economy of scale ideal add-on business.
Imagine being a stones throw away from the Turf Club and Southport Golf Cluban attractive proposition for potential tenants. With a secured and strong letting pool, this business consistently generates a rewarding net profit. Its not just a property; its an investment with substantial returns. Heres your chance to step into a thriving business in a sought-after location. With no requirement to live onsite, the partially renovated manager's lot offers flexibility and potential additional income if included in the letting pool. Should the manager's property continue to be rented out then this would command in excess of $26,000 additional income pushing the ROI up circa 14.8%.
- Prime gated complex near event hubs, sporting venues, and shopping precincts.
- Long-term investment with a 23-year accommodation module.
- Flexible workday—no set office hours.
- Spacious 3-bedroom, 2-bathroom manager’s unit with 3 car parks.
- No on-site living requirement—offering management flexibility.
- Strong Net Profit - Combined Body Corporate salary, letting income and managers lot rental would exceed $427,000 pa.
- 65 units under management—with room for growth.
- This opportunity is tailor-made for operators seeking a flexible lifestyle without compromising financial security.
- Inspections by appointment only.
Date updated: 14 May 2024 23:00:03
More Information
- Total Purchase Price: $2,867,500
- Net Income: $ 401,435
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 810,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?