Southport, Queensland

Small Permanent Complex in Southport - ID 8381

$875,000

Business Description

Permanent Management Rights For Sale
Easy To Manage Gated Estate

- 38 unit complex

- Long standing managers selling after 10 years

- 15 units in the letting pool

- Body Corporate salary over $61,000

- No office and no office hours

- Trust accounting software is Caretaker

- Accommodation Module with 24 years remaining on agreements

- Average rents of $350-$420 per week

- 2 bed, 2 bath open plan manager's residence

- Limited facilities include small pool and BBQ

Permanent management rights complex in a prime location, secure gated estetae with minimal caretaker duties. The manager's residence is quiet and secure. Easy to manage letting pool, would suit semi-retired or first time operator.

Net Profit: $75,000
Asking Price: $875,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Exclusive Management Rights Broker
Phil Trimble

Property Code: 820

Business Summary

Managers Unit

Complex Information

Marketing Agent

Key Investment Insights

Key Insights:

1. Well-established permanent management rights business for sale in a prime location in Southport, Gold Coast.
2. Gated estate with minimal caretaker duties, making it easy to manage.
3. Long-standing managers selling after 10 years.
4. 38 unit complex with 15 units in the letting pool.
5. Body Corporate salary over $61,000.
6. No office and no office hours, providing a flexible work schedule.
7. Trust accounting software is Caretaker.
8. Accommodation Module with 24 years remaining on agreements.
9. Average rents of $350-$420 per week.
10. Manager's residence is a 2 bed, 2 bath open plan unit.
11. Limited facilities include a small pool and BBQ.
12. Net profit of $75,000.
13. Asking price of $875,000 (inclusive of manager's real estate).
14. Would suit semi-retired or first-time operator.
15. Exclusive management rights broker is available for further information or to arrange an inspection.
16. Property Code: 820.
Listing location

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