A PRIME AND LUXURY INVESTMENT THAT IS ONE OF THE BEST ON THE COAST... | Resort Brokers ID : MR008511

$2,750,000

Permanent Management Rights, BENOWA QLD

ResortBrokers presents a rare opportunity to secure luxury management rights in the desirable gated community, central Gold Coast.

Developed by an award-winning builder, this residential community offers first-class amenities, easy-to-maintain gardens, 25-years remaining on the BUGTA agreement and very attractive Body Corporate Salary. Additionally, the managers residence is one of the best on the coast offering 2 bedroom, 2 bathroom, 2 car, a private courtyard terrace, a top-end kitchen finish and loads of storage space.

- Award-winning developer's large residential masterpiece
- Community living at its finest, surrounded by professional golf courses, sporting precincts and shopping centres
- Effortless upkeep of gardens and common property
- Long-term stability with 25-year term remaining on BUGTA agreement
- Financial security with a healthy sinking fund and progressive body corporate
- Rewarding investment with a generous Body Corporate Salary
- Exclusive living in a highly desirable gated community
- Inspections are strictly by appointment only
Date updated: 24 Nov 2024 22:00:04

More Information

Financial Overview

Total Purchase Price: $2,750,000
Net Income: $ 289,327 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,050,000
_{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: 26
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 43
_{Number of units resided in by their owners.}

Lock Ups: 3
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 11
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 84
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 186,209
_{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: 25 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: 0
_{Required Office Hours}

Complex Features: Separate Office but part of Managers Apartmentâ On title and part of Real Estate Pool and barbecue area

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,050,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

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: modern, high-end finishes high ceilings and spacious private courtyard terrace