Southport, Queensland

Permanent Management Rights for Sale in Southport - ID 9077

$1,280,000

Business Description

Permanent Management Rights For Sale

Financial Future Firmly In Your Hand

- Magnificent manager's residence in central Gold Coast location

- 3 bedrooms, 2.5 bathrooms, double garage, beautiful courtyard, balcony from master bedroom

- The residence also includes air conditioning, ceiling fans and solar panels

- Permanent management rights complex with 6 in the letting pool

- Stable income

- Body Corporate salary around $78,000

- No set office hours

- Shops, doctors, pharmacy, cafes & restaurants are just at the doorstep

- Best beach and major shopping centres all within a short drive

- Close to good schools and golf course

High quality living with super steady income along with impeccable manager's residence. Enjoy the peaceful lifestyle. This is one you can afford to miss!

Net Profit: $85,000

Asking Price: $1,280,000

(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: 706

Business Summary

Business Snapshot

Price: $1,280,000 Net Profit: $85,000 Remuneration / Body Corp Salary: $78,000

Managers Unit

Value of Managers Apartment: $720,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Pets OK: Yes

3 bedroom townhouse, 2.5 bathrooms, double garage, lovely courtyard plus a balcony off the master bedroom. Air conditioners and ceiling fans throughout, solar system, located in a quiet spot away from the front gate.

Complex Information

Complex Type: PermanentTotal Units in Complex: 44Total Units in Letting Pool: 6Owner Occupy Units: 33Outside Agent Units: 4Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

Key Insights:

1. Permanent management rights business for sale in a central Gold Coast location.
2. Manager's residence includes 3 bedrooms, 2.5 bathrooms, double garage, courtyard, and balcony.
3. Residence also features air conditioning, ceiling fans, and solar panels.
4. Complex has 6 units in the letting pool and stable income.
5. Body Corporate salary is around $78,000.
6. No set office hours.
7. Convenient location with shops, restaurants, and amenities nearby.
8. Close to the beach, major shopping centers, schools, and golf course.
9. High quality living with steady income.
10. Net profit of $85,000.
11. Asking price of $1,280,000 (inclusive of manager's real estate).
12. Manager's unit valued at $720,000.
13. Complex has a total of 44 units with 6 in the letting pool.
14. Majority of units are owner-occupied.
15. Agreement module is standard with 9 years remaining.
16. Complex has a pool.

Management Rights Multiplier: 6.59
ROI Estimate: 15.18%