Hope Island
$2,160,000
3
3
2
Management Rights
- 119 Total Units
- Permanent Complex Type
- 35 Letting Pool
- $167,170 Remuneration
- $274,858 Net Profit
- $840,000 Manager's Unit
- BBQ, Pets Allowed, Pool Features
Property Description
DEVELOPER'S SALE - NET INCOME $275K - MULTIPLIER 4.8
First time on the market! We are pleased to now offer this upmarket residential Gold Coast Management Rights. Featuring stylish waterfront complexes, a short golf buggy ride to the Marina Shopping Village to where you will find shops, harbour front restaurants and medical facilities. And of course, the golf! The townhouses are approved by the Foreign Investment Review Board for sale to non-Australian residents and this is good for your letting pool. There presently exists an opportunity to bring further onsite townhouses into your letting pool, currently held by outside agents. Hope Island is perfectly positioned on the northern Gold Coast only a 60-minute drive to both Brisbane International Airport and Coolangatta International Airport. Just 30 minutes to Surfers Paradise, with its world-famous beaches, shopping, and dining. Offering a deep-water marina, shops, harbour front restaurants, theme parks, schools and three internationally acclaimed Golf Courses all within a 5 km to 10 km radius, Hope Island is wonderfully located.. The business and associated townhouses are "as new" with excellent terms remaining on management agreements. Residents shared facilities include, pools and BBQ's, all within modern, tranquil, low maintenance and secure gated communities. Body Corporate Salaries total a handsome $167,000 (ex GST) increasing yearly by CPI included in total Net Profit of approx. $275,000 p.a. Manager's residence, which may be occupied by an approved nominee, is a high standard 3-bedroom, 3-bathroom, 2 car townhouse. No onsite office is required. A gold standard business within a gold standard location. Contact me now for more information.
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