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: YesExperience 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
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Management Rights Multiplier: 5.51
ROI Estimate: 18.16%
