Key Investment Insights
AI generated. Confirm details with the seller.
1. Permanent management rights in Southport on the Gold Coast, listing marked sold and settled.
2. Standard module agreement in place expiring 2031, representing an 8-year remaining term on a 10-year agreement.
3. Total complex of 50 units, with 18 units in the letting pool, 2 units with outside agents, and 1 lockup unit.
4. Net profit reported at $122,737, remuneration/body corporate salary $78,197.
5. Asking price stated as $1,150,000, inclusive of the manager’s real estate.
6. Manager’s residence valued at $748,000, large double-storey 3 bedroom, 2 bathroom dwelling with 2 car spaces and front and rear courtyards.
7. Free-standing office included on title, no set hours required, indicating flexible management operations.
8. Current owners operated the business for 21 years, suggesting operational continuity and institutional knowledge.
9. Property and complex described as in perfect condition, implying low near-term capital expenditure.
10. Complex amenities include a pool and BBQ area, contributing to tenant and guest appeal.
11. Location offers strong local amenity access, walking distance to cafes, restaurants, shops, medical services, and a short drive to the beach and major shopping.
12. Described as a safe and peaceful complex with quality, comfortable living, noted as delivering good income with a low workload.
Management Rights Multiplier: 3.28
ROI Estimate: 10.67%
