Ormeau
$1,150,000
4
3
2
Management Rights
- 42 Total Units
- Permanent Complex Type
- 12 Letting Pool
- $71,052 Remuneration
- $102,058 Net Profit
- $720,000 Manager's Unit
- BBQ, Pets Allowed, Pool Features
Property Description
GREAT HOME AND $100,000 PLUS PROFIT
A rare opportunity to own the residential Management Rights to this well-maintained and easy-to-manage townhouse complex located between Brisbane and the Gold Coast. Perfect for a family or a single operator looking for a profitable, low-maintenance business with a great lifestyle balance. Key Features: • Spacious Manager's Residence - Freestanding 4-bedroom, 2-bathroom home with a double garage and a dedicated office with a separate entrance. Enjoy a fully fenced large backyard, ideal for a family. • Straight-forward Caretaking duties and a boutique letting pool - Make this an ideal one-person business. • Secure Management Term - 23 Years remain on Management Agreements with a generous Body Corporate Salary of over $71,000 p.a. (Ex-GST). • Solid Financials and Low Costs - The Body Corporate covers all equipment and materials. Affordable Body Corporate levies ensure a profitable business model. • Supportive Community & Stability - Excellent relationship with the committee, with top-ups approved without issues. • Prime Location - Conveniently situated between Brisbane and the Gold Coast, close to schools, shopping centres, and amenities. The complex, built in 2012, offers a quiet and secure environment, ideal for an onsite management family lifestyle. This is a fantastic opportunity to secure a stable income, whilst enjoying the benefits of a spacious home in a sought-after location.
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