Easy To Manage Holiday Building In Surfers Paradise - ID 9110

$1,200,000

Management Rights For Sale
No Requirement To Live Onsite or To Have A Licence

 

  • As new building, only 5 years old
  • Loads of potential with 33% of the lots not in the manager's letting pool
  • Very low caretaking duties
  • 2 bedroom manager's residence currently in the letting pool
  • Residential roof top recreational area
  • All apartments have large live-in balconies
  • Great views across the Surfers Paradise skyline and Nerang River
  • All apartments in the letting pool are leasebacks
  • 5 minute walk to the beach

 

Here is a very easy management rights business to run, showing a great return. The building is only 5 years old and still presents as brand new. The high returns are generated from leasebacks with 1, 2 and 3 year agreements in place. There are established systems to enable most of the work to be done remotely. There is very little caretaking work required. Ideal business as a bolt-on to an existing management rights business of for someone seeking semi-retirement.

 

Net Profit: $178,117
Asking Price: $1,200,000
(Inclusive of Manager's Real Estate)

 

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

 

Management Rights Broker
Gerard Dixon

Price $1,200,000
Location Surfers Paradise
Property ID 9110

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