Central Gold Coast Permanent Management Rights With Spacious 4 Bedroom Residence

$2,150,000

Permanent management rights, Benowa QLD

An exceptional opportunity to secure a flexible, low-pressure permanent management rights business in one of Gold Coasts premier suburb. This business offers reliable income, minimal caretaking and no set office hours, perfect for anybody looking for a genuine work, life balance.

The current owners are set to retire after making this their home for the past 13 years and as a result have streamlined operations and have all systems in place.

This low maintenance complex features 48 townhouses with 16 in the letting pool. Onsite amenities include Swimming Pool and Tennis Court.

This complex has a healthy 22 years remaining on the agreement and is supported by a cooperative Body Corporate.

A standout feature of this business is the oversized managers residence, a rare find boasting four bedrooms, three bathrooms over two expansive levels, plus a two-car garage, an impressive home that must be seen to be appreciated.

Positioned within walking distance of Benowa State School, St Kevins and Benowa State High, and close to Pindara, Royal Pines, Botanical Gardens, Broadbeach and Surfers Paradise, this is a smart investment with genuine lifestyle appeal.

Highlights:
* NO set office hours
* 22 years left on the 25 year agreement
* Body Corporate Salary $128,991 (included in net profit below)
* Large 4 bed, 3 bath managers residence+ Solar
* Strong school catchment location plus centrally located to Pindara Private Hospital
* Proven income with growth potential

This is an ideal lifestyle business, contact Craig today for further details or to arrange an inspection.

Net Profit: $170,339
Price: $2,150,000

Property Code: 107

More Information

Financial Overview

Total Purchase Price: $2,150,000
Net Income: $ 170,339 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,200,000
_{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.}

Letting Business

Letting Pool: 16
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 30
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 2
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 48
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 128,991
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 22 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 35 years
_{How long has the management rights existed.}

Office Hours: No Set Office Hours
_{Required Office Hours}

Complex Features: Pool and Tennis Court

Real Estate Component

Manager's Unit: 4 3

Included Real Estate: $ 1,200,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Spacious 4 Bedroom, 3 bathroom, 2 Car Garage and Solar