Southport, Queensland

HIGH NET INVESTMENT OPPORTUNITY IN SUPERB SOUTHPORT LOCATION | Resort Brokers ID : MR007812

$7,900,000

Business Description

ResortBrokers presents an exceptional Management Rights business opportunity close to Southport's entertainment, education and health precinct.

This staged development, a permanent residential community comprising 438 apartments is now fully completed and impeccably presented.

This lucrative business offers an enviable lifestyle with a modern manager's unit and has the unparalleled potential to generate high unit sales commissions and further upside via converting the 20 outside agent lets.

Opportunities of this size, scale, and quality do not come along very often, so do not hesitate to show your interest to secure this iconic development.

- Further upside via converting 20 outside agents
- Huge unit sales commission potential
- Excellent Body Corporate Salary $945k+
- Secure, long-term agreements 20+ years remaining
- Exceptional resort-style facilities, including 5 x pools
- Extensive portfolio with 165 permanent lets in the letting pool
- Lifestyle flexibility with no set office hours and no requirement to own a unit
- Modern manager's unit - 3 bed, 2 bath + large office, reception & gym valued at $1.3m
- Property inspections are by appointment only

Date updated: 03 Dec 2023 22:00:09

Business Summary

Business Snapshot

Price: $7,900,000 Net Profit: $1,050,000 Remuneration / Body Corp Salary: $945,763

Managers Unit

Value of Managers Apartment: $1,300,000Bedrooms: 3Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 438Total Units in Letting Pool: 165Holiday Units: 165Owner Occupy Units: 251Outside Agent Units: 20Agreement Term Remaining: 23 years

Marketing Agent

Todd Warner

Clint Amos

ResortBrokers

Key Investment Insights

1. The business is located in a highly desirable area close to Southport's entertainment, education, and health precinct.
2. The development is fully completed and impeccably presented.
3. The business has the potential for high unit sales commissions and further upside through converting 20 outside agent lets.
4. The Body Corporate Salary is excellent at $945,763.
5. The agreements are secure with 20+ years remaining.
6. The resort-style facilities, including 5 pools, are exceptional.
7. The portfolio includes 175 permanent lets in the letting pool.
8. The lifestyle flexibility of the business allows for no set office hours and no requirement to own a unit.
9. The modern manager's unit is valued at $1.3 million and includes 3 bedrooms, 2 bathrooms, and a large office.
10. Property inspections are by appointment only.

Management Rights Multiplier: 6.29
ROI Estimate: 15.91%