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$900K - Business Only
Permanent Management Rights, SURFERS PARADISE QLD
Welcome to Allure, a standout high-rise development nestled on the vibrant Chevron Island offering residents a peaceful retreat with luxurious on-site amenities and a breeze for Management in prime coastal lifestyle.
Rising 17 levels, Allure features 94 beautifully appointed apartments and represents an exceptional business-only Management Rights opportunity for an astute operator seeking strong long-term returns in a growth corridor. Currently huge opportunity for letting pool growth with 9 under management, 12 outside managed and one lock up.
Elevate everyday living with the rooftops luxurious infinity pool, expansive sundeck, and stylish covered entertaining area with BBQ and panoramic views of the Surfers Paradise skyline, Nerang River, and hinterland.
Positioned for Growth: Chevron Island is a rapidly evolving enclave of the Gold Coast, well-regarded for its mix of lifestyle, connectivity, and demand from both owner-occupiers and investors. Allures management rights provide an incoming operator with not just a profitable business, but also the chance to immerse themselves in a vibrant coastal community.
Premium Facilities & Lifestyle Appeal: The building features a stunning ground floor reception area with a residents lounge, fireplace, wine cellar, guest suite, lush subtropical courtyard, and a state-of-the-art gym.
Business-only model offering lifestyle flexibility
23 Years Remaining on Caretaking & Letting Agreements (Accommodation Module)
No requirement to live onsite and no set office hours
Strong Body Corporate salary of $117,000 p.a., reviewed annually in June
Opportunity to increase income by converting externally managed units
Appointments are strictly by appointment only. Please contact Syd Douglas to arrange an inspection of the building today.
More Information
- Total Purchase Price: $900K - Business Only
- Net Income: $ 160,753
(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