Southport, Queensland

Under Contract - Easy To Manage Complex in Southport - ID 8381

Under Contract / Offer

Business Description

Permanent Management Rights For Sale
Small Gated Estate - Vendor Needs to Retire

- 38 unit complex

- Long standing managers selling after 10 years

- 12 units in the letting pool

- Body Corporate salary $67,000 + GST

- No office and no office hours

- Trust accounting software is Caretaker

- Accommodation Module with 23 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 estate 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: $77,456
Asking Price: $795,000
(Inclusive of manager's real estate)

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

Management Rights Broker
Phil Trimble

Property Code: 820

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $77,456 Remuneration / Body Corp Salary: $67,641

Managers Unit

Value of Managers Apartment: $575,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Pets OK: Yes

Light and spacious with open plan living areas, Two comfortable bedrooms, Separate laundry, Well appointed kitchen, Large private outdoor area, One car park on title plus additional storage, Air conditioned, Ceiling fans

Complex Information

Complex Type: n/aTotal Units in Complex: 38Total Units in Letting Pool: 12Owner Occupy Units: 22Outside Agent Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesBBQ Area: Yes

Marketing Agent

Phil Trimble

MR Sales

Key Investment Insights

1. 38‑unit gated estate in Southport, described as prime location with secure, quiet manager’s residence.

2. Long‑standing managers selling after 10 years, vendor retiring, suggesting smooth handover and stable operations.

3. 12 units in the letting pool, providing an easy to manage short‑term rental component.

4. Accommodation agreement is Accommodation Module with a 25‑year term and 23 years remaining, offering long‑term income security.

5. Net profit $77,456, with asking price $795,000 inclusive of the manager’s real estate.

6. Body Corporate remuneration approximately $67,000 to $67,641, representing a significant recurring income stream.

7. No office and no office hours required, indicating low overheads and minimal on‑site administration.

8. Trust accounting handled via Caretaker software, implying established financial systems are in place.

9. Average letting rents of $350–$420 per week, providing transparent revenue expectations.

10. Manager’s 2 bed, 2 bath apartment valued at $575,000, includes one car space, storage, air‑conditioning, and a large private outdoor area.

11. Majority of complex are owner‑occupied with 22 owner‑occupy units and only 3 outside agent listings, indicating residential stability and lower turnover.

12. Limited onsite facilities, small pool and BBQ area, aligning with easy‑manage profile suitable for semi‑retired or first‑time operators.

Management Rights Multiplier: 2.84
ROI Estimate: 35.21%