Southport, Queensland

High Returns, Prime Location, Luxury Living – ID 9114

$3,590,000

Business Description

Permanent Management Rights for Sale
Maximise Your Profits in Prime Location

- Embark on a lucrative business venture with unparalleled income potential, a rare gem in the market.

- Boasting a robust net operating profit of $416,879.

- Enjoy substantial revenue streams, including a generous body corporate salary of $262,149 plus GST, an additional commercial salary of $50,032, totalling over $300,000.

- Manage a portfolio of 34 permanent rentals in the letting pool. Additional 10 apartments are managed by outside agents, offer significant room for expanding the letting pool.

- 25-year term agreement with 23 years remaining for stability and security.

- Indulge in the opulence of a modern 3-bedroom, 2-bathroom residence with a security car park and an expansive courtyard.

- Operate from a professional office space featuring three spacious rooms, a front desk, and ample storage.

- Proudly situated in a stylish, well-maintained modern building, exuding sophistication.

- Experience unparalleled convenience in a prime location with shopping centers, restaurants, bars, pharmacies, medical centers, beaches, parks, and public transport, all within walking distance.

- Enjoy a tranquil environment in a high-quality building equipped with first-class facilities.

- Optimise education opportunities with proximity to excellent schools.

- Seize this extraordinary opportunity at a compelling total selling price of $3,590,000, encompassing $1,295,000 of real estate on title.

Opportunities like these don't come around every day – this is the dream business and residence you've been waiting for. Act now and turn this rare find into your reality.

Net Profit: $416,879
Asking Price: $3,590,000
(Inclusive of $1,295,000 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: 719

Business Summary

Business Snapshot

Price: $3,590,000 Net Profit: $416,879 Remuneration / Body Corp Salary: $312,181

Managers Unit

Value of Managers Apartment: $1,295,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Pets OK: Yes
Experience modern luxury in this expansive 3-bed, 2-bath residence with a secure parking space and a spacious courtyard. Attached is a professional office space with three rooms and ample storage.

Complex Information

Complex Type: PermanentAgreement Module: AccommodationPool: YesSpa: YesSauna: YesGym: YesBBQ Area: Yes

Key Investment Insights

Management Rights Multiplier: 5.51
ROI Estimate: 18.16%

Listing location
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