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: YesLarge 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%
