Opportunity For Active Equity Managers in Broadbeach - 56% Share

$919,187

Permanent management rights, Broadbeach QLD

Discover a premier investment opportunity in the heart of Broadbeach, perfectly suited for experienced active equity managers. This well-established holiday resort, located directly opposite the beach, offers impressive returns and strong growth potential in one of the Gold Coasts most desirable coastal destinations.

This management rights business features Heated Pool, Large Spa, male and female Saunas, Tennis Court, two BBQ Areas, undercover parking and includes 77 fully self-contained apartments. A robust letting pool of 38 units (majority renovated), combined with sharp internal system operations in place ensures solid ongoing income, making this a compelling addition to any portfolio.

A supportive and proactive body corporate also pay for a gardening contractor to maintain all gardens, leaving you to focus on managing and growing your business. In additionto this $30k, has been expensed for a part-time receptionist to assist with front office duties.

A 56% share is available for a hands on couple, requiring an equity investment of $919k (total share cost: $2,518,320). This investment delivers an approximate return of $270k, including managers salary ($120k) and equity return, equating to an impressive 29% ROI.

Additionally, active managers enjoy the benefit of residing in a large two bedroom, two bathroom ground floor unit for personal use (approx. $50k annual value).

With an increase to the BC salary scheduled for August the overall net profit is set to increase even further. With existing silent equity investors committed to the business, confidence in the model remains high.

Dont miss this rare opportunity to secure a lucrative, active management role in one of the Gold Coasts premier management rights buildings.

Net Profit: $270,000 *Approx. based on 56% share

Property Code: 74

More Information

Financial Overview

Total Purchase Price: $919,187
Net Income: $ 270,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,060,000
_{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: 38
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{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: 77
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 0
_{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: 17 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 43 years
_{How long has the management rights existed.}

Office Hours: Mon-Fri 8.30am-4pm, Sat 9am-11am
_{Required Office Hours}

Complex Features: Pool, Spa, Sauna, Tennis Court, BBQ Area, Undercover Parking

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,060,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

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: 2 Bedroom, 2 Bathroom ground floor unit with a courtyard, 1 carpark and basement storage