Cornubia
$1,110,000
3
2
1
Management Rights
- 76 Total Units
- Permanent Complex Type
- 12 Letting Pool
- $110,925 Remuneration
- $127,734 Net Profit
- $700,000 Manager's Unit
- Pets Allowed Features
Property Description
3.2 MULTIPLIER - SOLID BUSINESS - GREAT LIVING ENVIRONMENT
On offer is a high-quality residential townhouse Management Rights business located in the growing suburb of Cornubia. Approximately 40 minutes' drive from both Brisbane and the Gold Coast. This is a straightforward operation with manageable duties, providing the opportunity to live and work within a safe, secure and very pleasant environment with superb recreational facilities. Of huge benefit to the onsite manager of this business, is there are no caretaking responsibilities for the extensive recreational facilities and open spaces available to residents within the grounds of the greater estate. Representing a separate community management scheme within a larger estate, the lot owners contribute levies for maintenance of the entire estate allowing residents to freely enjoy a swimming pool, BBQ areas, function room, tennis courts, playground and parkland. Enticingly, the complex also borders a magnificent 18-hole golf course. Secure living and peace of mind for residents is provided by a 24-hour staffed security service throughout the estate. The manager's home is a 3-bedroom, 2.5 bathroom, single garage townhouse with office attached. Bedrooms and living area have recently had new air-conditioning and fans installed. The business is supported by a rock-solid Body Corporate salary of $110,925. This income represents a significant proportion of Net Profit. There are no set operating hours for the business or office. Seller is genuinely motivated to move onto new opportunities and has priced the business at a 3.2 multiplier. Whilst the manager's home is competitively priced considering recent sales in the complex. Serious offers will be considered.
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