Just Listed

2.18 Multiplier on the Gold Coast - ID 9166

$1,045,400

Permanent  Management Rights for Sale

What a Bargain!

 

 

- Super low multiplier of only 2.18 on the Gold Coast.

- Is it real? Yes, absolutely!

- Anything wrong with the complex? None!

- How’s the Committee? Very supportive and cooperative!

- What about the agreement term? Full term!

- Reason for sale? Genuine retirement of a senior couple after 21 years of running this stable and wonderful business.

- No set office hours – work at your own pace.

- All permanent rentals with a very low letting pool percentage, only 19 units.

- High body corporate salary of around $100,000 plus GST, making up more than 70% of total net income. Net operating profit is $137,535.

- Two-bedroom manager’s townhouse in very good condition, equipped with air conditioning, fans, 1 bathroom, 1 extra toilet, 1 garage, and 2 outside car spaces.

- Large, beautiful front and back courtyards on title.

- Two-way office attached on title, with potential to convert into a 3rd bedroom.

- Total asking price: only $1,045,000 (includes a well-maintained 2-bedroom manager’s townhouse).

 

This is a once-in-a-decade opportunity on the Gold Coast that bargain hunters can’t afford to miss!

Call Bill He on 0439 288 960 NOW to secure it and avoid decades of regret.

 

 


Net Profit:  $137,535 

Asking Price: $1,045,000

(Inclusive of Managers Real Estate)

 

 

 

For further information or to arrange an inspection of this business opportunity contact: 


Management Rights Broker

 

Bill He

 

 

Price $1,045,400
Location Merrimac
Property ID 9166

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