Pacific Pines
$1,900,000
4
3
2
Management Rights
- 55 Total Units
- Permanent Complex Type
- 39 Letting Pool
- $104,418 Remuneration
- $211,399 Net Profit
- $800,000 Manager's Unit
- Pets Allowed, Pool Features
Property Description
IDEAL BUSINESS FOR ONE COUPLE
This excellent permanent Gold Coast Management Rights business has no set office hours, is well presented and has low maintenance grounds allowing for very manageable and profitable business. The townhouse complex has limited common area facilities. Pool and small gym only. Blessed with many long-term and loyal investor-owners. Quality tenants are in place and easily found in this stable onsite letting pool with only one outside agent. Benefitting from both a supportive committee and body corporate manager this residential business is perfect for a two-person management team. Also potential for additional income via common property repairs Currently 23 years remain on management agreements. Expect a net profit of $211,000 p.a. inclusive of over $104,000 p.a. (+ GST) for Body Corporate annual remuneration, which represents 50% of total net profit. The onsite manager has the luxury of a freestanding modern two storey house featuring 4 bedrooms, 2.5 bathrooms, 2 car garage and office on title. All four bedrooms are equipped with air-conditioning and the master bedroom has an ensuite. Close to school, public transport and all the facilities you will need. Conveniently located with easy access to the M1 Motorway through to Brisbane. Call me for an inspection now.
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