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Boutique Management Rights in Prime Chevron Island Location No Requirement to Live Onsite
$850k MR&$550k Unit = Total $1,450,000
Permanent Management Rights, SURFERS PARADISE QLD
An exceptional opportunity to acquire a well-established Management & Letting Rights business in the heart of Chevron Islandone of the Gold Coasts most vibrant and tightly held lifestyle precincts.
This boutique complex comprises only one-bedroom apartments, making it simple to manage with minimal overheads. The business delivers a strong net profit of $239,056 per annum and is currently run by one person.
With 13 units in the letting pool out of 40, and 4 more units externally managed, there is significant potential for growth. The current occupancy rate sits at 58% with excellent repeat business.
The agreements are incredibly flexible, with no requirement to live onsite and no office hoursoffering the rare chance to include the manager's unit in the letting pool for added income.
Key Features:
No requirement to reside onsite
No set office hours in the agreements
Managers unit can be included in the letting pool
Prime Chevron Island location with a loyal client base
Body Corporate salary of $65,818 p.a.
20 years remaining on agreements
Office on title
Consistent income and room to grow the letting pool
Easily managed by one person
About Chevron Island:
Chevron Island is a buzzing inner-city village located just minutes from Surfers Paradise. Known for its relaxed lifestyle, boutique dining, and local arts scene, its a favourite for both long-term residents and holidaymakers. The walkability, riverside parks, and proximity to beaches make it a sought-after destination for visitors seeking convenience without the hustle and bustle.
This is the perfect opportunity for those seeking a flexible, low-maintenance business with high returns in one of the Gold Coasts most enviable locations.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $850k MR&$550k Unit = Total $1,450,000
- Net Income: $ 239,056
(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?