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Broadbeach Waters Permanent Management Rights Opportunity - Flexible Lifestyle with No Real Estate to Purchase
$350,000
Permanent management rights, Broadbeach Waters QLD
Ideally positioned in Broadbeach Waters, this well-established permanent management rights opportunity offers an excellent entry into one of the Gold Coasts most sought-after locations.
The current owners have successfully operated the business for over nine years and are now offering the opportunity to the market as they prepare for retirement. The secure gated complex features underground parking and comprises of 32 units, with 9 currently in the letting pool. The manager also benefits from an exclusive-use office within the complex.
This tropical inspired low-rise complex is surrounded by beautifully landscaped gardens, the property provides residents with a relaxed, resort-style environment. Residents enjoy a range of facilities including a 23-metre lap pool with spa, sauna and a BBQ recreation area, creating an appealing lifestyle setting within the complex.
This is a rare caretaking and letting opportunity offering outstanding flexibility. There are no set office hours, no requirement to reside onsite, no weekend work and no need to purchase an apartment, making it an ideal option for buyers seeking lifestyle balance. The role offers a secure remuneration package, straightforward duties of approx. 20 hours per week Monday-Friday and an extremely supportive body corporate, with the manager simply required to remain contactable as needed.
Conveniently located just five minutes drive from Pacific Fair Shopping Centre, The Star Casino, the Broadbeach beachfront and a wide selection of cafes and restaurants, the complex enjoys easy access to some of the Gold Coasts best amenities.
An easy-to-manage complex in a prime location, this opportunity is well worth an inspection for anyone looking to secure a flexible and rewarding management rights business on the Gold Coast or add on to an existing business.
Net: Profit: $85,920
Property Code: 115
More Information
- Total Purchase Price: $350,000
- Net Income: $ 85,920
(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