This high-quality permanent townhouse management rights business is located in the desirable suburb of Upper Coomera. Set up as a profitable business-only management and letting right opportunity, there is no real estate to purchase, or office hours specified. As a premium complex, 12 out of the 126 apartments in the pool and 59 Outside Agents, with rentals always in high demand. Perfect for operators seeking add-on with dependable income or as a base to develop a ready-made business in a fantastic area.
• High Net profit verified by industry accountant $160,125
• Underpinned by strong BC salary of $144,014
• Accommodation Module (25 year agreements, 20 years remaining)
• No set office hours
• No real estate to purchase or requirement to live onsite
• Premium product with strong rental yields
• All inspections by appointment only
Financials
Body Corporate Salary: $144,014
Management Unit
Complex Overview
Complex Type / Module: Permanent
Total Units Inside Letting Pool: 12
Total Units in Complex: 126
Outside Agent: 59
Owner Occupied: 55
Agreement Term: 25
Years to Run: 20