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Brand New Iconic Off The Plan MR in the Heart of the Gold Coastâ Chevron Island | Resort Brokers ID : OTP008659
$521,413
Permanent Management Rights, Chevron Island QLD
ResortBrokers presents an excellent business-only management rights, with no requirement to purchase a unit or reside on-site, and flexible management with no set office hours, this is an ideal add-on for existing operator.
The Greenwich complex features 46 luxury residences and offers a solid body corporate salary of over $57,000 making a strong return on investment.
It is in a prime location in the heart of the Gold Coasts arts and cultural precinct, with moments from HOTA, Chevron Islands cafs, and entertainment hubs.
- Trophy asset in the heart of the Gold Coast - Chevron Island
- Solid $57,500 annual body corporate salary
- Business-only model with no on-site residence required
- Flexible business with no set office hours
- 46 luxury residences with premium finishes and appliances
- Prime location near HOTA and Chevron Island's entertainment hubs
- Effortless management of the complex
- Iconic design inspired by New York's Flatiron building
- Inspections by appointment only
Date updated:01 Apr 2025 00:00:03
More Information
- Total Purchase Price: $521,413
- Net Income: $ 110,939
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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