Southport, Queensland
Under Contract – ID 8207
Under Contract / Offer
Business Description
Gold Coast Management Rights for Sale
An exciting investment opportunity awaits with side-by-side permanent management rights in the highly desirable Southport. These modern, well-maintained complexes offer strong net profits, plenty of potential and best of all, flexibility.
With no set office hours and no requirement to live on-site this opportunity presents the perfect investment for those new to the industry or experienced managers looking to add to the portfolio.
- 2 bedroom, 2 bathrooms, ground floor unit with additional 3rd bedroom/study
- Attached and on title office space.
- No office hours!
- No requirement to live on-site!
- Ability to rent out managers' unit for additional income.
- Maintainable gardens and facilities.
Net Profit: $78,802
Asking Price: $750,000
(Inclusive of manager's real estate)
For further information or to arrange for an inspection of this Gold Coast Management Rights business for sale contact:
Management Rights Broker
Ben Lynn
Property Code: 623
Business Summary
Business Snapshot
Price: Under Contract / Offer
Net Profit: $78,802 Remuneration / Body Corp Salary: $58,683
Managers Unit
Value of Managers Apartment: $480,000Bedrooms: 2Bathrooms: 2Office: On Title2 bedroom unit located on the ground floor, 2 bathrooms, 3rd bedroom/study, Office attached and on title, Additional storage space
Complex Information
Complex Type: PermanentTotal Units in Complex: 40Total Units in Letting Pool: 14Owner Occupy Units: 20Outside Agent Units: 5Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesBBQ Area: Yes
Key Investment Insights
Management Rights Multiplier: 3.43
ROI Estimate: 29.19%
