Southport, Queensland

Ideal For First Time Managers or Semi-retirees

Expression of Interest

Business Description

• Easy to operate permanent MR in Southport GC
• Perfect location, captivating Soutport CBD and beautiful Broadwater
• Central to all amenities, only a short walk to Australia Fair, CBD and the beach
• Minutes to light rails and other transports
• Highly sought after complex, very popular for rentals.
• Low maintenance, well established complex
• Good subcontractors in place for ground maintenance if needed
• Excellent & supportive body corporate
• Spacious separate office on ground floor
• No office hours

Business Summary

Business Snapshot

Price: Expression of Interest Net Profit: $89,206 Remuneration / Body Corp Salary: $63,228Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $900,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 36Total Units in Letting Pool: 10Owner Occupy Units: 12Outside Agent Units: 7Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: Yes
Marketing Agent
CeCe Chen
CeCe Chen

Onsite Management Rights

Onsite Management Rights

Key Investment Insights

Key Insights:

1. Easy to operate permanent management rights business in a highly sought after location in Southport, Gold Coast.

2. The complex is centrally located, within walking distance to Australia Fair, CBD, and the beach, making it attractive for tenants.

3. The complex is well-maintained and has a good reputation, making it popular for rentals.

4. The business has low maintenance requirements, making it ideal for first-time managers or semi-retirees.

5. Good subcontractors are in place for ground maintenance, providing additional support for the managers if needed.

6. The body corporate is excellent and supportive, providing a positive working environment for the managers.

7. The managers' unit is spacious and well-maintained, with a value of $900,000.

8. The complex has a mix of permanent and owner-occupied units, providing stability and diversity in the rental pool.

9. The agreement module is accommodation, with a long-term agreement term of 25 years remaining.

10. The business has a solid net profit of $89,206, with a remuneration/body corp salary of $63,228, providing a good income for the managers.

Management Rights Multiplier: 3.36
ROI Estimate: 29.74%

Listing location
Gallery

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