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Very Motivated Seller, Short Stay Complex Chevron Island
$850k MR&$550k Unit = Total $1,450,000
Permanent Management Rights, CHEVRON ISLAND QLD
An exceptional opportunity exists to secure a well-established management and letting rights business in the heart of Chevron Island, one of the Gold Coasts most vibrant and tightly held lifestyle precincts. The complex comprises only 1 bedroom apartments, a configuration that keeps overheads low, and the business produces an audited net profit of over $195K per annum under a single operator.
Average occupancy is 58 per cent and benefits from strong repeat patronage. The body corporate pays a fixed salary of $67,003 a year and the agreements have 18 years remaining following recent top-ups. There is no requirement to reside on-site, no fixed office hours, and the 1 bedroom managers unit can be returned to the letting pool to lift returns further. An office is held on title, providing secure reception space.
Chevron Island is a walkable village moments from Surfers Paradise, favoured for its riverside parks, boutique dining and relaxed beachside lifestyle. For buyers seeking a flexible, low-maintenance business with reliable cash flow, solid growth prospects and an enviable Gold Coast address, this opportunity demands inspection.
Ras360 specialises in Management Rights, Motels, Hotels, Pubs and Parks.
More Information
- Total Purchase Price: $850k MR&$550k Unit = Total $1,450,000
- Net Income: $ 183,610
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 550,000
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?