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Exclusive - No Onsite Living Required - Exceptional 3.30 Multiplier! - ID 7970

$980,000

 

Permanent Management Rights For Sale
Quality Two-Bedroom Manager’s Residence with Huge Exclusive-Use Office

 

  • No requirement to live onsite: This offers the potential to rent out the manager's residence for approximately $40,000 in additional annual income, increasing your total overall return to more than $110,000 per annum.

  • Ultimate flexibility: No fixed office hours, offering greater lifestyle freedom.

  • Exceptional value: Low business multiplier of just 3.30.

    Secure & stable: Long-term 25-year agreement with approximately 22 years remaining, backed by a very supportive and friendly body corporate committee.

  • Solid financial foundation: Strong recurring body corporate remuneration of $57,354 plus GST per annum, featuring annual CPI increases.

  • Consistent market: Predominantly one-bedroom apartments, providing a highly stable permanent rental demographic.

  • Easy caretaking: Low-maintenance complex with excellent street appeal, minimal garden upkeep, and relatively few hours required.

  • Growth potential: Established permanent letting pool of 15 apartments, with a further 7 currently managed by outside agents—offering a clear pathway to expand the portfolio and increase future income.

 

A Genuine Deal. Exceptional Value. Outstanding Opportunity!

 

Net Profit: $73,108
Asking Price: $980,000 (Inclusive of Manager's Real Estate)

 

Call Bill He on 0439 288 960 NOW to arrange an inspection and secure this Gold Coast Management Rights opportunity.

 

Price $980,000
Location Surfers Paradise
Property ID 7970

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