Southport, Queensland

Experience the Ultimate Blend of Lifestyle and Business! – ID 9133

$1,450,000

Business Description

Permanent Management Rights for Sale

Discover an exceptional permanent management rights opportunity that perfectly balances luxurious living with a robust and dependable business. This outstanding complex offers a serene and secure resort-style environment, complete with a range of amenities designed for relaxation and recreation.

Key Features:

- Resort-Style Living: Enjoy the perks of pools, recreational areas, and a tennis court, all within your complex.

- Strong Financials: Benefit from a stable and growing business with a net profit exceeding $150k. The body corporate salary is a substantial $125K + GST, with annual CPI increases and potential for further growth.

- Prime Location: Centrally located, you're just a short trip away from the Gold Coast’s best beaches, premier shopping centres, amusement parks, and top-tier schools.

- Flexible Management: With no set office hours, the duties are manageable by an individual, making this opportunity perfect for both newcomers and seasoned professionals.

- Comfortable Living: The manager’s residence offers a private and comfortable living space, tucked away at the end of a cul-de-sac, away from the main road and gate.

- Ample Storage: Plenty of storage space available to meet all your needs.

- Growth Opportunities: Expand the letting pool with 9 units currently rented externally, and explore additional income streams through internal sales and maintenance services.

This stunning complex not only promotes a stable income but also offers a fantastic lifestyle. Whether you're looking to enter the management rights industry or you're an experienced professional, this opportunity provides the perfect balance to achieve your goals.

Net Profit: $151,501
Asking Price: $1,450,000
(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: $1,450,000 Net Profit: $151,501 Remuneration / Body Corp Salary: $125,755

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: 16Owner Occupy Units: 66Outside Agent Units: 9Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 6 yearsPool: YesTennis Court: YesBBQ Area: Yes
Marketing Agent

Key Investment Insights

Key Insights:

1. This permanent management rights opportunity offers a perfect balance of luxurious living and a stable and growing business.

2. The complex boasts resort-style amenities such as pools, recreational areas, and a tennis court, providing a serene and secure environment for residents.

3. The business has strong financials, with a net profit exceeding $150k and a substantial body corporate salary of $125K + GST, with potential for further growth.

4. The prime location of the complex is a major selling point, with easy access to the Gold Coast's best beaches, shopping centers, amusement parks, and top-tier schools.

5. The management duties are flexible, with no set office hours, making it suitable for both newcomers and experienced professionals.

6. The manager's residence offers a private and comfortable living space, away from the main road and gate.

7. The complex has ample storage space available, meeting all needs.

8. There are growth opportunities for the business, such as expanding the letting pool and exploring additional income streams through internal sales and maintenance services.

9. The asking price of $1,450,000 includes the manager's real estate, valued at $850,000.

10. The complex has a total of 91 units, with 16 in the letting pool, 66 owner-occupied units, and 9 units rented externally.

11. The agreement term is 10 years, with 6 years remaining, and the agreement module is standard.

12. The complex features a pool, tennis court, and BBQ area for residents to enjoy.

Management Rights Multiplier: 5.28
ROI Estimate: 18.94%

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