Coomera
$2,193,800
4
3
2
Management Rights
- Permanent Complex Type
- 29 Letting Pool
- $203,278 Remuneration
- $264,205 Net Profit
- $820,000 Manager's Unit
- Pets Allowed, Pool Features
Property Description
LIVE WHERE YOU PLEASE
Coomera is rapidly transforming with new hospitals, major transport upgrades, strong schools, a growing town centre, and sustainable infrastructure. Making it one of the fastest-rising suburbs on the Northern Gold Coast. This business has 21-years remaining on agreements, a rewarding Body Corporate Salary of $203,000 (ex-GST), increasing yearly by the higher of CPI or 3% and a Net Profit of over $264,000. With no requirement to live on-site there is currently additional income of approximately $33,000 p.a. from rental of the manager's stand-alone villa featuring four bedrooms and two car garage. Plenty of opportunity for a smart operator to double the size of the current onsite rental pool, by securing up to 33 lots held by external real estate agents. This security gated residential complex features a swimming pool for those hot summer days and is only a short stroll away from local shops, tavern and a hop skip and a jump to theme parks. Only minutes to Westfield, Costco & railway station. Within a 5 km radius there are no less than 10 private & state schools! This ensures your choice of quality tenants. This is a very robust business with a supportive committee. A Gold Coast Management Rights that ticks all the boxes!
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