From

our blog.

Waterfront Property and Business!.

January 16, 2019

Your opportunity to create a true lifestyle in this magnificent property. A consistent year after year performer averaging a net profit of $230,784 over the past 3 years. Current owner manages 31 of the 120 apartments.

Key Features

  • Waterfront location in heart of top tourist town
  • Easy to operate business currently run under management
  • Turnover in excess of $1.3M
  • 34% ROI on business purchase price
  • Security – you own the Entrance Foyer/ Reception area
  • Established business since 2007
  • Very comfortable 2 bedroom apartment (let out if you wish) 

    NB: Property inspections are by appointment only

read more

Caretaking-Only In Bulimba – Minutes’ Walk to Oxford Street.

January 16, 2019

Fantastic and very rare opportunity to take on a small but solid business in the heart of Bulimba. Ideal for a new operator or existing manager seeking an easy add-on with just 26 apartments in the complex. This manageable sized business has great flexibility with no requirement to reside onsite and no real estate to purchase. Minimal workload with sufficient storage space for tools and equipment to be held on-site.

Key Features

  • Rare caretaking-only opportunity with an allowance of $1,250 + GST per lot.
  • Ideal add-on to an existing business
  • Any letting appointments secured are pure profit with nothing to pay
  • Brand new 10-year term (the longest term possible for a caretaking-only business).
  • Strong sales to date with construction already commenced and delivery scheduled for March 2019
  • No set office hours and no real estate to buy
  • Easy duties including looking after pool, gardens and mooring spaces.

NB: Property inspections are by appointment only

read more

Blue Chip Bulimba Management Rights Netting 231K.

January 16, 2019

Horaay Australia is excited to offer to the market Park and River Reach. These two management rights complexes are located next door to each other with the ability to live on or off-site in the suburb of Bulimba. This is one of Brisbane’s most desirable riverside locations. The growth in this area has increased significantly in the past ten years. This business suits first time and experienced operators.

Key Features

• Absolutely amazing location in one Brisbane’s most desirable suburbs

• Great opportunity for further growth

• Experienced operators to assist with the transition of new purchaser

• Stunning manager’s residence

• No requirement to reside onsite

• A quality mix of one, two and three bedroom apartments

• Strong agreements/strong sinking fund amounts

• Additional outside rent roll of 12

• Simple and easy caretaking duties

 

NB: Property inspections are by appointment only

read more

Heart of Surfers Paradise.

January 16, 2019

Costa D’Ora Holiday Apartments is an immaculately presented, boutique holiday complex situated in the heart of Surfers Paradise. The complex consists of 36 apartments which are all one-bedroom apart from the managers unit. With 20 units in the letting pool and minimal caretaking to be done this property not only gives you a healthy income but also promotes a nice lifestyle in a perfect location.

Key Features

  • High netting property with good Body Corporate salary
  • $151K nett profit
  • 100 metres stroll to the beach
  • Central to Surfers Paradise
  • Flexible office hours
  • Boutique in size, stylish in looks
  • Minimal caretaking
  • Substantial growth over the past three years

 

NB: Property inspections are by appointment only

read more

Price Reduction – Owners Instructions – MUST SELL.

January 16, 2019

Fantastic return on investment and location make this property an absolute MUST to inspect. Very comfortable residence with the ocean at your feet.

Key Features

  • Absolute beachfront property – guests walk straight onto beach
  • Currently run by one
  • High quality apartments in letting pool
  • Versatility of manager’s residence
  • Good body corporate salary
  • Great variety of well maintained facilities
  • Large private balcony (to be partly enclosed)

 

NB: Property inspections are by appointment only

read more

Large Gold Coast Permanent Rent Roll, Large Returns!.

January 16, 2019

This is the perfect add-on external rent roll or ability to start your own agency. All 163 properties are in close proximity to Helensvale, have low arrears and all inspections are up to date. The current owner’s decision to retire from property management provides a huge opportunity to create scale to your existing business or get a big start at the entry level. The opportunity is there to buy the existing office and residential space or rent it if you desire.

Key Features

  • Approximately 163 residential properties on the books
  • Helensvale, Coomera, Pimpama and surrounding suburbs
  • Gross commissions of $247k sold on 3.2x multiplier
  • Additional contract income of $32k sold on 1.5x multiplier

NB: Property inspections are by appointment only

read more

72 Unit Permanent OTP on the Gold Coast.

January 16, 2019

Discovery Apartment is a two-stage development with stage one due to start construction middle of the year with completion Christmas 2019 & is located in the heart of Helensvale. The development consists of a total of 72 with a breakdown of three contemporary one-bedroom, 58 two-bedroom and 11 three- bedroom apartments with design finishes that will impress. From the butler’s pantry, through to the carefully concealed storage options, and the larger than average kitchens with European appliances all set on 1300sq meters of open space, courtyards and a mineral pool. Undercover parking, high-speed internet and proximity to all the major shopping centres.

Key Features

  • First stage of a magnificent two-stage project
  • Construction by very experienced and reputable builder
  • Great location, central to both Helensvale and Coomera area
  • Walking distance to shops and restaurants
  • Construction is due to commence with completion expected Christmas 2019
  • Projected 70% letting pool

 

NB: Property inspections are by appointment only

read more

Excellent Opportunity for a Beachside Permanent Complex in Tugun.

January 16, 2019

This tidy little complex is perfect for a solo operator or couple looking for a beach lifestyle. With a consistent letting pool onsite, combined with extra income from two external rental appointments, this solid small business netting $75k with a 19 year agreement.

Key Features

  • Beachside, lakefront permanent complex 500mtr to the beach
  • 19 year agreement
  • No Set Office hours
  • Lifestyle business within a  great community
  • Neat, easy to run complex for solo or couple
  • $10k extra work via repairs & maintenance for handyman operator
  • Great little business in a cracking location

NB: Property inspections are by appointment only

read more

Nirebo Motel with Long Lease & 42 Rooms in the Heart of Echuca.

January 16, 2019

An exceptional motel in the heart of Echuca with a long lease of 22 years remaining and hosting 42 rooms (great mix) with all the necessary facilities of pool and spa. Large storage areas, a large basement that can be turned into a games room/conference/corporate lounge.

Key Features

  • Consistent year on year growth
  • Opportunity for further growth through restaurant events or alternatively opportunity to sublease the restaurant
  • Spacious & modern living accommodation with four bedrooms, with an additional manager’s residence of two bedrooms
  • A great mix of 42 rooms and all well presented
  • Long lease terms of 22 years remaining

 

NB: Property inspections are by appointment only

read more

Permanent MR In Bayside – $240K Income For $1.1M Purchase Price.

January 16, 2019

Great opportunity to maximise your earning potential by becoming the new working managers for a long-established and successful partnership, located in the sleepy Bayside suburb of Victoria Point.

Key Features

  • Gated permanent complex comprising 150 townhouses, 72 in letting pool
  • Located in the quiet and peaceful Brisbane bayside suburb of Victoria Point
  • Opportunity to become managing partner of long-established partnership (37% share)
  • Good sized, well presented 3 bed / 2.5 bath manager’s residence with ample storage and parking
  • Income underpinned by a very strong BC salary, easy to manage complex
  • By earning salary and profit share, partnerships are a great way a maximising income
  • Circa 22% return on total investment, based on current performance
  • Lengthy tenure to agreement (22 years), good committee, friendly partnership
  • Call Alex Cook on 0467 600 610 or Brent Staker on 0410 344 344

 

NB: Property inspections are by appointment only

read more