Southport, Queensland

Looking for a Low Stress Workload?

SOLD

Business Description

This Southport Permanent Management Rights is the absolute definition of a low stress workload!

- With a pool and BBQ, very small gardening and caretaking work the managers spend approx. 12-15 hours per week working in the business allowing ample time for lifestyle activities on the Gold Coast.
- The light rail at the end of the street, means easy access to shopping and entertainment precincts of Southport, Surfers Paradise and Broadbeach.
- The manager's unit is a delightfully functional, light filled 2 bed 2 bath on the ground floor with an enclosed courtyard off the kitchen/dining area.

This business delivers the lifestyle that would suit a single or a couple looking to significantly downsize their workload, live centrally and allow freedom to enjoy the Gold Coast lifestyle in very central location.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $46,080 Remuneration / Body Corp Salary: $32,343

Managers Unit

Value of Managers Apartment: $450,000Bedrooms: 2Bathrooms: 2Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 24Total Units in Letting Pool: 7Owner Occupy Units: 13Outside Agent Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 22 years
Marketing Agent
Hayleigh McAuliffe
Hayleigh McAuliffe

Paul Mueller
Paul Mueller

Key Investment Insights

1. Low workload: The business has a low workload, with only 12-15 hours of work per week, allowing for ample time for lifestyle activities on the Gold Coast.

2. Convenient location: The business is located near the light rail, providing easy access to shopping and entertainment precincts of Southport, Surfers Paradise, and Broadbeach.

3. Functional manager's unit: The manager's unit is a functional, light-filled 2 bed 2 bath on the ground floor with an enclosed courtyard, making it a comfortable living space.

4. Ideal for downsizing: This business would be ideal for a single or couple looking to downsize their workload and live centrally, while still enjoying the Gold Coast lifestyle.

5. Central location: The business is situated in a very central location, making it easy to access all the amenities and attractions that the Gold Coast has to offer.

6. Good profit and salary: The business has a net profit of $46,080 and a remuneration/body corp salary of $32,343, providing a good income for the managers.

7. Manager's apartment value: The value of the manager's apartment is $450,000, making it a valuable asset for the managers.

8. Permanent complex: The complex is a permanent one, providing a stable and consistent income for the managers.

9. Small complex: With only 24 units in the complex, the workload is manageable and allows for a more personalized and hands-on management approach.

10. Long agreement term: The agreement term is 25 years, with 22 years remaining, providing long-term stability for the managers.

Management Rights Multiplier: 3.26
ROI Estimate: 30.72%

Listing location

This Business is sold

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights For Sale

You may also like

Exclusive - Outstanding Modern Complex Caretaking Only - ID 9121
Enticing Business Opportunity
Well-established CBD Hotel with Gaming & Accommodation - 1P6039
ACCOMMODATION & TOURISM BUSINESS FOR SALE IN CAPE TRIBULATION - 2820MF
Multi-award winning resort - Tweed Byron Hinterland FHGC | Resort Brokers ID : FH008315
Absolute Beachfront Resort Complex
Waterfront Property within Resort
Drouin Motel - 1P6044
Small Permanent Complex in Southport - ID 8381
Beautiful Redlands Area
Absolute Beachfront Management Rights - ID 8767
Acquire Prime Beachfront Resort, held for a decade, netting over $450,000 | Resort Brokers ID : MR008302
FIRST TIME AVAILABLE IN A DECADE! PRIME LARGE SCALE BRISBANE CBD MIXED-USE MLR! | Resort Brokers ID : MR008299
Outstanding Investment in the Thriving Tourism Industry of Tropical North Queensland - 2835BF
ESTABLISHED BUSINESS-ONLY MANAGEMENT RIGHTS IN COASTAL NSW | Resort Brokers ID : MRB008288
CARETAKING ONLY EASY TO RUN BUSINESS - START SMALL TO BUILD BIG! | Resort Brokers ID : MRC008287
Ocean Views Motel, Lakes Entrance VIC - 1P0297
Huge Remuneration and Small Letting Permanent MR in Brisbane West