Southport, Queensland
Rare Opportunity Three Business Only Management Rights below 5 Multiplier
$1.195,000 - Business Only
Business Description
Rarely do complexes like these come to market, and RAS360 is excited to present this unique opportunity—three near-new, business-only management rights with no facilities to maintain. These complexes offer the perfect caretaking and letting business with minimal operational demands.
Two magnificent, recently completed buildings sit back-to-back, with the third located just 500 metres away. All three benefit from no set office hours and no requirement to live on-site, making them an ideal choice for a streamlined management operation. The gardens and car parks are easy to maintain, ensuring a low-maintenance workload.
Rise Southport and Ascent Southport are mirror-image buildings, both newly constructed, featuring rooftop BBQ areas as their only shared facility. Five Chester, located 500 metres away, also boasts easily maintained gardens and a car park, with an owners’ lounge as its sole facility.
This is an incredible opportunity to enter the management rights industry without the usual hard work. It’s just like purchasing off-the-plan—except better, as all the letting has already been taken care of.
Rise Southport & Ascent Southport: Six-storey buildings, each with 30 apartments featuring two bedrooms, two bathrooms, one car space, and verandahs.
Five Chester: A boutique complex comprising 26 units, designed with spacious living areas that seamlessly connect to wide-sweeping views and alfresco entertainment zones.
The business operates efficiently with just one exclusive-use office located within the Rise complex.
This is an unmissable opportunity to secure a stress-free, well-established management rights business.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $1.195,000 - Business Only
Net Profit: $240,000 Remuneration / Body Corp Salary: $114,240
Complex Information
Complex Type: PermanentTotal Units in Complex: 86Total Units in Letting Pool: 40Owner Occupy Units: 20Outside Agent Units: 26Agreement Term: 25 yearsAgreement Term Remaining: 24 years
Key Investment Insights
1. Three business-only management rights are being offered for sale, presenting a rare opportunity for a streamlined operation with minimal operational demands.
2. The complexes are newly constructed and feature modern amenities such as rooftop BBQ areas and owners' lounges.
3. The business operates efficiently with just one exclusive-use office located within the Rise complex.
4. The complexes have a total of 86 units, with 40 currently in the letting pool and 20 owner-occupied units.
5. The agreement term for all three complexes is 25 years, with 24 years remaining.
6. The net profit for the business is $240,000, with a remuneration/body corp salary of $114,240.
7. The business is located in Southport, a highly sought-after area with strong rental demand.
8. The gardens and car parks are easy to maintain, ensuring a low-maintenance workload.
9. This is an unmissable opportunity to enter the management rights industry without the usual hard work.
10. The business is being offered for sale by RAS360, specialists in management rights, motels, hotels, pubs, and parks.
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