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TRANQUIL GOLD COAST LIFESTYLE BUSINESS
$1,180,000
Permanent Management Rights, HIGHLAND PARK QLD
Net Income $129,000 - No Set Office Hours - 20 Years Remaining
Set in a lush, elevated pocket of Highland Park, this boutique 53-unit residential complex offers the perfect blend of lifestyle, flexibility, and long-term security. With 16 units in the letting pool and no fixed office hours, the business is simple to manage and ideal for an owner-operator seeking balance and independence. The agreements have 20 years remaining and are supported by a cooperative and proactive committee.
The manager's residence is a spacious three-bedroom home featuring one bathroom, two extra toilets, a double garage, and modern upgrades including a new balcony, solar panels, and full air conditioning. Enjoy peaceful surroundings and convenient access to the M1, local shops, and highly regarded state schools. This is an exceptional opportunity to secure a steady income and relaxed lifestyle in one of the Gold Coast's most family-friendly suburbs.
Contact Ken Weng now for more information about this solid Highland Park Management Rights business.
More Information
- Total Purchase Price: $1,180,000
- Net Income: $ 129,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 730,000
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?