The Best Gold Coast Permanent

$2,750,000

Permanent management rights, Gold Coast QLD

Stratacorp proudly, and exclusively, offers this highly sought-after management rights complex in an award-winning residential complex located in the heart of the Gold Coast. The allure of this property begins with immaculately landscaped grounds and a tree-lined boulevard that continues to the aesthetically impressive curves and angles. This complex offers an unparalleled leisure and lifestyle haven for residents and their guests, featuring a range of two- and three-bedroom apartments with superior quality finishes, for high calibre executive living and suitable for the astute investor. This rare opportunity includes several unique aspects including a FULL 25-year agreement, solid body corporate income, minimal management duties and the option to live off site, providing an additional opportunity for income.

Key Highlights:

FULL 25-Year agreement
Substantial NOP of $289,329
Solid body corporate salary $186,000
Modern building and amenities
Minimal management duties (Garden maintenance excluded from agreement)
Spacious managers residence (Can live offsite)
Administration office included on title
Long-term residencies
Moderate weekly body corp
Superior location close to diverse attractions

More Information

Financial Overview

Total Purchase Price: $2,750,000
Net Income: $ 289,329 (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: 25
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 45
_{Number of units resided in by their owners.}

Lock Ups: 5
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 9
_{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: $ 186,000
_{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: 10 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features:

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: While the management rights proâer the right to live offâsite, the appointed managerâs residence is a spacious 125 sqm, featuring two bedrooms plus study, two bathrooms and two exclusive undercover car parks.The property boasts fully ducted air conditioning, a gourmet kitchen with stainless steel appliances and a large private courtyard and alfresco entertainment area with decking and a pergola with lighting.