Pacific Pines
$1,300,000
3
3
2
Management Rights
- 44 Total Units
- Permanent Complex Type
- 8 Letting Pool
- $79,065 Remuneration
- $111,449 Net Profit
- $850,000 Manager's Unit
- BBQ, Pool Features
Property Description
NORTHERN GOLD COAST - LONG AGREEMENTS, LOW WORKLOAD, LIVE OFFSITE FLEXIBILITY
Positioned in the high-demand suburb of Pacific Pines, this permanent management rights business offers a secure, easy-to-run operation with genuine growth potential and flexible living arrangements. The complex is well established with a stable resident profile, contributing to consistent occupancy and a low-maintenance day-to-day management environment. Combined with long agreements and a straightforward operating model, this is an ideal opportunity for first-time operators or experienced managers seeking a quality add-on to their existing portfolio. Key Highlights: • High-demand location with strong rental fundamentals • Long agreements (~22 years remaining) providing security • Net income approx. $111K with annual CPI / 3% increases • Simple permanent MR - low workload, easy to manage • Live offsite flexibility - manager's unit currently tenanted • Stable resident base supporting consistent operations • Clear upside by growing letting pool (currently under-utilised) Not fully optimised - genuine upside for incoming operator. A rare opportunity to secure a stable income today with the flexibility to suit your lifestyle or investment strategy.
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