Southport, Queensland

Potential $50,000 Additional Income – ID 8207

$850,000

Business Description

Permanent Management Rights for Sale
No Requirement To Live Onsite, No Licence Required

- No set office hours

- Ample storage space

- Manager's residence rented at $600 per week

- Multiple only 2.43

- Low workload

- Supportive Body Corporate

- Rental units available for any one with a licence

- Easily run by a single person

- Office on title

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.

Net Profit: $65,966
Asking Price: $850,000
(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 Brokers
Gerard Dixon & Phil Trimble

Property Code: 623

Business Summary

Business Snapshot

Price: $850,000 Net Profit: $65,966 Remuneration / Body Corp Salary: $65,966

Managers Unit

Value of Managers Apartment: $690,000Bedrooms: 2Bathrooms: 2Office: On Title

2 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: 10Owner Occupy Units: 24Outside Agent Units: 5Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesBBQ Area: Yes

Marketing Agent

Gerard Dixon

Phil Trimble

MR Sales

Key Investment Insights

- Potential for an additional income of $50,000
- No requirement to live onsite or hold a licence
- No set office hours
- Ample storage space
- Manager's residence rented at $600 per week
- Multiple complexes with a total of 40 units
- Low workload
- Supportive Body Corporate
- Rental units available for anyone with a licence
- Easily run by a single person
- Office on title
- Net profit of $65,966
- Asking price of $850,000 (inclusive of manager's real estate)
- Managers unit valued at $690,000
- 2 bedroom unit with 2 bathrooms, 3rd bedroom/study, and attached office on title
- Complex type is permanent with 10 units in the letting pool
- 24 owner-occupied units and 5 outside agent units
- Agreement module is accommodation with a term of 25 years and 17 years remaining
- Complex amenities include a pool and BBQ area.

Management Rights Multiplier: 2.43
ROI Estimate: 41.23%