Live Offsite - Prime Chevron Island Management Rights - ID 8147

$950,000

Permanent management rights, Surfers Paradise QLD

Permanent Management Rights For Sale
Heart of The Gold Coast

Positioned in the heart of the Gold Coast, This permanent Management Rights offers an unbeatable combination of lifestyle and income potential. This secure, resort-style residential complex on Chevron Island is a fantastic opportunity for those looking to enter or expand in the management rights industry.

Why Youll Love It:

- Strong, Secure Agreements: 20 years remaining
- Reliable Income Stream: Body Corporate salary of $60,000+ GST
- Proven Profitability: Net profit exceeding $87,000
- Additional Income: Managers unit currently rented at $18,000+ p.a.
- Low Maintenance: Premium street appeal with minimal gardens

Managers Apartment & Office:

Spacious two-bedroom, two-bathroom residence beautifully appointed with a sunny balcony and large private courtyard
Attached office on title external entry and no set hours

This is an exceptional opportunity to secure a well-run business in a high-demand rental location with a strong mix of one- and two-bedroom apartments.
Dont miss out call today for more details!

Net Profit: $87,839
Asking Price: $950,000
(Inclusive of Manager's Real Estate)

More Information

Financial Overview

Total Purchase Price: $950,000
Net Income: $ 87,839 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 650,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.4
_{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: 15
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 17
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 1
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 33
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 60,035
_{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: 20 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 25 years
_{How long has the management rights existed.}

Office Hours: No set office hours
_{Required Office Hours}

Complex Features: Swimming pool, Spa, Sauna, BBQ and gym

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 650,000
_{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: No
_{Can the manager own a pet on site?}

Unit Features: Spacious and well appointed two bedroom apartments, two bathrooms, sunny balcony and large private courtyard which is perfect for outdoor entertaining, modern stylish interior with an open plan layout, designed for comfort and privacy while remaining conveniently close to the complex, two car spaces allocated to the residence, storage unit in the basement providing additional storage options, the residence is currently rented out for \\\\$18,000 per annum.