FOR SALE
$1,384,000

Contact Agent For Address
Elanora QLD 4221

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
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3.81 Low Multiplier & Stable High Income - ID 9171

Spacious Free-Standing House
Permanent Management Rights for Sale
- Low multiplier of only 3.81 for a Permanent Management Rights business on the Gold Coast.
- Strong net profit of $127,111, supported by a high Body Corporate Salary of $113,989 plus GST, which makes up 84% of total income, with CPI increases annually.
- No set office hours and easy caretaking duties, offering flexible, reduced hours.
- Ideal for someone seeking a second income at their own pace or in their spare time.
- Long 20-year agreement with 16 years remaining.
- All permanent rentals with a small rental pool of only 8, offering potential for income growth.
- Rare free-standing manager's residence with 3 bedrooms, 2 bathrooms, and 2-car accommodation plus an additional car space.
- Includes a balcony, spacious courtyard, and a large, exclusive manager’s office on the title.
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Property Details for Contact Agent For Address, Elanora

Building Type
Commercial
Floor Size
1m2

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About Elanora 4221

The size of Elanora is approximately 8.9 square kilometres. It has 25 parks covering nearly 16% of total area. The population of Elanora in 2011 was 11,645 people. By 2016 the population was 12,161 showing a population growth of 4.4% in the area during that time. The predominant age group in Elanora is 40-49 years. Households in Elanora are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Elanora work in a professional occupation. In 2011, 77% of the homes in Elanora were owner-occupied compared with 78.2% in 2016.

Elanora has 5,003 properties. Over the last 5 years, Houses in Elanora have seen a 86.75% increase in median value, while Units have seen a 110.79% increase. As at 30 November 2024:

  • The median value for Houses in Elanora is $1,333,683 while the median value for Units is $808,656.
  • Houses have a median rent of $950 while Units have a median rent of $750.
There are currently 24 properties listed for sale, and 6 properties listed for rent in Elanora on OnTheHouse. According to CoreLogic's data, 230 properties were sold in the past 12 months in Elanora.

Suburb Insights for Elanora 4221

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Bill He
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Management Rights Sales Pty Ltd
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.