Southport, Queensland

Stunning Permanent Complex Backed by a Strong Body Corporate Salary – ID 9133

$1,510,000

Business Description

Permanent Management Rights for Sale

This stunning permanent management right offers both lifestyle and a strong and stable business. The manager’s residence boasts comfortable and private living, with pools, recreational areas, and a tennis court to complement the lifestyle. The business is strong with a $150k+ net profit and is backed by a stable and growing body corporate salary of 121K + GST (increases annually with CPI), with the opportunity to increase it further.

The complex is centrally located and only a short trip from some of Gold Coast’s best beaches, shopping centres, amusement parks and prestigious schools.

- A stunning and secure resort-style complex

- Strong and stable income of over $150k with a high body corporate salary ($121K +GST)

- No set office hours and duties are manageable by an individual.

- Ideal for newcomers and industry experts alike

- The great manager’s residence is located away from the main road and gate at the end of a cul-de-sac.

- Plenty of storage

- Opportunity to develop the letting pool (9 units rented externally)

- Additional income opportunities with internal sales and maintenance

Net Profit: $151,501
Asking Price: $1,510,000
(Inclusive of manager's real estate priced at $850,000)

If this unique opportunity interests you and you would like to know more, please enquire, more information is available, and an inspection can be arranged by appointment only

Management Rights Broker
Ben Lynn

Property Code: 770

Business Summary

Business Snapshot

Price: $1,510,000 Net Profit: $151,501 Remuneration / Body Corp Salary: $121,600

Managers Unit

Value of Managers Apartment: $650,000Bedrooms: 3Bathrooms: 2Car Spaces: 4Office: On Title
3-bedroom, 2-bathroom duplex with open-plan living room, kitchen, and dining with a good-sized yard.

Complex Information

Complex Type: PermanentTotal Units in Complex: 91Total Units in Letting Pool: 17Owner Occupy Units: 64Outside Agent Units: 9Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 6 yearsPool: YesTennis Court: YesBBQ Area: Yes
Marketing Agent

Key Investment Insights

1. Strong and stable business with a net profit of over $150k.
2. Backed by a stable and growing body corporate salary of $121K + GST.
3. Centrally located and close to popular attractions and amenities.
4. Resort-style complex with pools, recreational areas, and a tennis court.
5. Manager's residence offers comfortable and private living.
6. No set office hours and manageable duties.
7. Ideal for newcomers and industry experts.
8. Manager's residence located away from main road and gate for privacy.
9. Plenty of storage space.
10. Opportunity to develop the letting pool with 9 units currently rented externally.
11. Additional income opportunities with internal sales and maintenance.
12. Manager's real estate included in asking price.
13. Inspection can be arranged by appointment only.
14. Management Rights Broker available for more information.
15. Property Code: 770.

Management Rights Multiplier: 5.68
ROI Estimate: 17.62%

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