Brand New Iconic Off The Plan MR in the Heart of the Gold Coastâ Chevron Island | Resort Brokers ID : OTP008659

$543,590

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 $64,400 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 $64,400 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: 20 Apr 2025 23:00:03

More Information

Financial Overview

Total Purchase Price: $543,590
Net Income: $ 115,657 (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.}

Letting Business

Letting Pool: 10
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 34
_{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: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 46
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 64,400
_{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: 25 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: No set office hours
_{Required Office Hours}

Complex Features: New York inspired architecture located in the heart of Gold Coast's cultural and arts precinct A boutique offering of 44 apartments spacious two, three and four bedrooms residences Inspired architectural design by renowned architect Ferro Chow High quality Miele and V-ZUG appliances throughout Expansive floor to ceiling arched windows that capture an abundance of natural light Panoramic city, hinterland and river views Exclusive residents-only roof top pavilion dedicated to amenity, offering an infinity edge pool, wet daybeds, poolside cabanas, bbq areas and a yoga/relaxation lawn Short walk to the iconic HOTA gallery and only moments from Chevron Islands best cafÃ©s, restaurants and bars These timeless residences offer a rare combination of classic features and an abundance of amenity, complemented by breathtaking views of the river and city skyline. The building draws its inspiration from New Yorkâs famed Flatiron building at the foot of Madison SquarePark, a landmark that helped drive the neighbourhood to a high-end dining, shopping and a sightseeing destination. The residences of Greenwich range from luxurious two, three and four-bedroom homes each with open layouts and classic redefined finishes of quality. The buildingâs signature arched windows overlook the Gold Coast skyline, hinterland and river. ?