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Top Tier Caretaking Management Rights Business Only.
$2.195M - Business Only
Permanent Management Rights, MERMAID BEACH QLD
Ras360 is proud to present an exceptional opportunity to acquire the management rights to the iconic 272 Hedges. This landmark property, a 44storey architectural masterpiece, offers 98 luxurious residential units and an unrivalled array of premium amenities that define refined coastal living.
Property Highlights
Architectural Elegance: Rising 44 storeys above a stunning seaside setting, 272 Hedges exudes sophistication and style.
Unmatched Facilities: Residents enjoy exclusive access to an executive lounge, boardroom, function room, swimming pool, spa, gym, sauna, steam room, and treatment rooms.
Captivating Views: Overlooking sprawling parklands that seamlessly merge with the golden sands of Kurrawa and Mermaid Beaches, the property boasts uninterrupted panoramic views of the ocean and coastline.
Investment Opportunity
This is a truly unique proposition an opportunity to invest in a thriving management rights business under a comprehensive concierge and caretaking agreement. With no requirement to purchase real estate or reside onsite, investors benefit from a streamlined model that delivers an enviable Body Corporate salary of over $391,000 per annum. There is also significant potential for additional revenue.
Amazing Office on Occupational Authority for the Manager.
Location & Lifestyle
Situated in the heart of Mermaid and Broadbeach, the property is within easy walking distance of a vibrant precinct offering premier shopping, dining, and entertainment. Proximity to The Star Casino, Pacific Fair Shopping Centre, and the light rail network further enhances the appeal of this prestigious address.
For further details or to discuss this opportunity, please contact our dedicated team at Ras360.
More Information
- Total Purchase Price: $2.195M - Business Only
- Net Income: $ 393,882
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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