Management Rights:

Tel: 0459229...

Burleigh Waters, QLD : $ 3,628,000

Last update: 19 February 2022.
 management rights
Financial Data
Listing Status under contract
Price $ 3,628,000
Net Income (explanation) $ 466,313 (actual)
Remuneration (explanation) $ 217,429
Complex Specifics
Location (Read Suburb Profile) Burleigh Waters QLD, 4220
Complex Age 15years
Complex Features
  • 2 x Outdoor Pools;
  • 2 x BBQs;
  • Gymnasium;
  • Secure Basement Parking;
  • Permanent Night Security;
  • CCTV;
  • Manager`s Realestate
    Manager`s Bedrooms 3
    Manager`s Bathrooms 2
    Manager`s Car Spaces 3
    Office Hours contactable
    Manager's Realestate Value $ 690,000
    Letting Rights
    Agreement Term 25 years
    Total Units 170
    Units in Letting Pool 94
    Outside Agents 24

    New - Big Permanent With Big Upside

    Management Rights for sale Gold Coast. Large Permanent complex centrally located in Burleigh Waters within the Treetops shopping precinct. Shopping centre, gymnasium, cafes, public transport all on the doorstep. Very popular position for rentals and never a vacancy issue. Large Body Corporate remuneration with annual CPI increases. New updated Caretaking Agreement put in place in 2021. Manager's residence is a large 3 bedroom, 2 bathroom with car spaces and storage. The office that is on-title is separate to the residence and is located in the commercial ground floor area. There is a fair bit of upside to the business and scope for growth. With the current high demand for rentals management have only just started to increase the weekly rental rates. Very little R&M work for either the units or the Body Corporate has been carried out by the current partnership and a handy person would be able to make a considerable amount of extra income. This is ideally suited to a couple who could work the business together full time and this would also be suitable for a partnership.(Listing ID: 21089828 )

    REF: 21089828

    For All Enquiries

    Call Wayne Stoll Narelle Filmer
    Mobile: 0459229...

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