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)
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.
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
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
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
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
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
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
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
