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Just Listed

Vendor Says Sell. Multiplier Below 3 On A Net Of $177,164 - ID 9064 H

$1,500,000

1 m2

Permanent Management Rights For Sale
Supervisory Agreements (Contractors do most of the gardens)

  • Permanent rentals
  • Potential upside if new managers are prepared to do some hands on work
  • Full resort style facilities including 2 pools, 3 tennis courts, gym, extensive gardens and much more
  • First time to the market in 10 years
  • Supportive and proactive committee
  • Riverfront location withing walking distance of Main Beach
  • Large 2 bedroom manager's residence with private courtyard
  • Reception and office on title (Body Corporate pays all office expenses)
  • Onsite after hours security

 

Prestigious highrise Management Rights business set in magnificent grounds and gardens on the banks of the Nerang River. Gardeners, cleaners and contractors are all employed by the Body Corporate, the manager's role is supervisory. An enthusiastic new manager is able to quote on any of these tasks to secure additional income if required. The large two bedroom residence is adjacent to the office and overlooks an expanse of lawn an tropical gardens.



A wonderful place to live, a wonderful place to work.



Net Profit: $177,164
Asking Price: $1,500,000
(Inclusive of manager's real estate)



For further information or to arrange an inspection of this Gold Coast Management Rights for sale contact:



Management Rights Broker
Gerard Dixon

Price $1,500,000
Location Paradise Waters
Property ID 9064

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