Southport, Queensland

Southport - Permanent - Sold & Settled - ID 9031

SOLD

Business Description

Permanent Management Rights For Sale

- Large Residence - Safe & Peaceful Complex

- Quality and comfortable living, great income and low workload

- Standard Module agreement expiring 2031

- 16 lots in the letting pool plus 2 external lets

- 1 lock up and 2 with outside agents

- Present owners have been here for 21 years

- Everything is in perfect condition

- Lovely 3 bedroom manager's residence located away from the front gate

- Free standing office with no set hours

- Walk to cafes, restaurants, shops, doctor, pharmacy etc.

- Short drive to beach and major shopping

- Safe and peaceful complex

Enjoy quality living along with a great income, hard to find in today's market at such a great price. Astute investors know the real value and return.

Look no further, don't regret missing out on this one!

Net Profit: $122,737 (To Be Confirmed)

Asking Price: $1,150,000

(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Broker

Bill He

Property Code: 532

Business Summary

Business Snapshot

Price: SOLD Net Profit: $122,737 Remuneration / Body Corp Salary: $78,197

Managers Unit

Value of Managers Apartment: $748,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Large double storey residence, 3 bedrooms, 2 bathrooms, 1 garage and 1 car space, Lovely front and rear courtyards, Fully air conditioned, Ceiling fans, Free standing office, High quality residence is located away from the front gate

Complex Information

Complex Type: PermanentTotal Units in Complex: 50Total Units in Letting Pool: 18Owner Occupy Units: 30Outside Agent Units: 2Lockup Units: 1Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 8 yearsPool: YesBBQ Area: Yes

Key Investment Insights

Management Rights Multiplier: 3.28
ROI Estimate: 30.53%

Listing location

This Business is sold

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