Southport, Queensland

Another $70,000 Price Reduction - ID 9134

$3,828,000

Business Description

Permanent Management Rights for Sale
$500K Net, No Pool, No Garden

· Extremely manageable business with no swimming pool or garden maintenance required.

· Minimal work and limited working hours, with no fixed office hours necessary.

· Flexibility for the manager to live offsite; being contactable is sufficient, or a representative can be present onsite.

· Attractive body corporate salary of $150,783 plus GST.

· Consists of 79 permanent rentals in the pool, with 17 managed by outside agents.

· Secure a 25-year long-term agreement, with 24 years left.

· Substantial net operating profit of $501,060.

· Offers modern, spacious apartments featuring 2 bedrooms, 2 bathrooms, 1 secure parking space, and a large balcony.

· Boasts beautiful views, a separate professional office space, and ample storage.

· Conveniently located close to restaurants, shops, a medical center, a major shopping center, public transport, reputable schools, and the beach—all within walking distance.

· Modern, high-quality building providing a super convenient lifestyle and the potential for a high income.

· Total investment required is only $3,828,000, which includes a magnificent modern 2-bedroom manager’s unit.

This is the ideal blend of a premium Gold Coast lifestyle and a lucrative, easy-to-manage business. For those seeking a high income with minimal effort, this opportunity is not to be missed.

Net Profit: $501,060
Asking Price: $3,828,000
(Inclusive of manager's real estate)

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

Management Rights Broker
Bill He

Property Code: 847

Business Summary

Business Snapshot

Price: $3,828,000 Net Profit: $501,060 Remuneration / Body Corp Salary: $150,783

Managers Unit

Value of Managers Apartment: $772,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Pets OK: Yes

Complex Information

Complex Type: n/a

Marketing Agent

Bill He

MR Sales

Key Investment Insights

Key Insights:

1. Manageable business with no swimming pool or garden maintenance required.
2. Limited working hours and no fixed office hours necessary.
3. Flexibility for manager to live offsite and be contactable, or have a representative onsite.
4. Attractive body corporate salary of $150,783 plus GST.
5. 79 permanent rentals in the pool, with 17 managed by outside agents.
6. Long-term agreement with 24 years remaining.
7. Substantial net operating profit of $501,060.
8. Modern, spacious apartments with 2 bedrooms, 2 bathrooms, and 1 secure parking space.
9. Beautiful views, separate professional office space, and ample storage.
10. Convenient location near restaurants, shops, medical center, shopping center, public transport, schools, and the beach.
11. Modern, high-quality building with potential for high income.
12. Total investment required of $3,828,000, including a modern 2-bedroom manager's unit.
13. Ideal blend of premium Gold Coast lifestyle and lucrative, easy-to-manage business.
14. Opportunity for high income with minimal effort.

Management Rights Multiplier: 6.10
ROI Estimate: 16.40%