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Permanent MR. Perfect starter or add-on. Chevron Island.$250K MR $700K Unit = Total $950k
$250K MR&$700K UNIT = Total $950K
Permanent Management Rights, CHEVRON ISLAND QLD
An exceptional lifestyle opportunity awaits in the heart of the Gold Coast! This well presented complex offers a blend of lifestyle and income, the perfect business for first timers looking for a sea change or experienced operators. Nestled in the sought-after Chevron Island village precinct, enjoy a relaxed, walkable lifestyle with cafs, boutiques, and the beach just moments away.
This secure complex itself has been very well-maintained and was freshly painted late last year, with gardens and common areas also low maintenance, making ideal for a hands-on or semi-passive operator. Onsite amenities include a sparkling swimming pool, spa, and gym, which have all been regularly maintained to a high standard.
Managers residence is a spacious 2 bedroom, 2 bathroom apartment featuring a sunny balcony, huge private courtyard, and quality finishes throughoutperfect for owner-occupiers or continued rental. There is currently a nominee in the apartment who is happy to continue lease or vacate for new owner if preferred. Additional rental income with the Managers unit currently let at over $18,000 p.a. as 'nominee' for business (on top of the net profit).
- Long agreements with 20 years remaining, with strong, supportive committee.
- On-title office with external entry and no set office hours, offering excellent operational flexibility.
- Body Corporate Salary of over $60,000 + GST, and net circa $90,000 (TBV).
- Strong letting pool comprising high-demand 1 and 2 bedroom apartmentsideal for consistent occupancy.
- Potential for additional rental income from manager unit with 'nominee' options.
- Perfect beginner or 'add-on' business for local operators
Inspections are strictly by appointment only. Contact Greg or Syd today to arrange a private inspection today.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $250K MR&$700K UNIT = Total $950K
- Net Income: $ 90,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 700,000
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.
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
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?