Southport, Queensland
Rare caretaking-only business in Southport – no real estate, prime location
$220K - Business Only
Business Description
Ras360 is proud to exclusively present this rare opportunity to secure a caretaking-only business. This proposition is genuinely hard to come by in the Southport area.
The Mill is positioned at the business centre of the Gold Coast region in Southport. For this reason, residential complexes here are highly sought after by both investors and tenants looking to secure their slice of the Gold Coast.
The Mill is being sold with a 22-year agreement, with no stipulation to own real estate.
The Mill has no letting appointments and is strictly caretaking-only. However, it does include the Letting Agreement and comprises 27 two-bedroom, two-bathroom apartments, each with one car space.
Located just four kilometres west of the tourist mecca of Surfers Paradise and 70 kilometres south of Brisbane, the Gold Coast suburb of Southport is in high demand from both investors and owner-occupiers.
This precinct’s popularity is down to the fact that it’s within easy reach of all the city’s major leisure and employment drivers. There’s a myriad of shopping and dining options, two light rail stations, and it is just 200 metres to the Broadwater Parklands and two kilometres to the Gold Coast’s world-famous beaches, which stretch for more than 50 kilometres. It’s also just 10 minutes from the Gold Coast Health and Knowledge Precinct, which houses Gold Coast University Hospital and Griffith University.
Southport is the ideal stepping-off point from which to indulge in everything the Gold Coast offers – exceptional theme parks such as Sea World and Movie World, breathtaking hinterland mountains and national parks, the enchanting Currumbin Wildlife Sanctuary, and unrivalled water-based experiences.
The light rail provides fast and frequent access to Surfers Paradise, Main Beach, Broadbeach, the Broadwater Parklands, and north to Helensvale, where it links with trains to Brisbane City and Brisbane Airport.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $220K - Business Only
Net Profit: $36,600 Remuneration / Body Corp Salary: $36,600
Complex Information
Complex Type: PermanentTotal Units in Complex: 27Owner Occupy Units: 10Outside Agent Units: 17Agreement Term: 25 yearsAgreement Term Remaining: 22 years
Key Investment Insights
1. Rare opportunity to secure a caretaking-only business in Southport with no real estate ownership required.
2. Prime location in the business centre of the Gold Coast region, making it highly sought after by investors and tenants.
3. 22-year agreement in place for the business.
4. No letting appointments, strictly caretaking-only.
5. Includes Letting Agreement and comprises of 27 two-bedroom, two-bathroom apartments.
6. Located just 4km from Surfers Paradise and 70km from Brisbane, with easy access to major leisure and employment drivers.
7. Close proximity to shopping, dining, light rail stations, and the Gold Coast's famous beaches.
8. 10 minutes from the Gold Coast Health and Knowledge Precinct.
9. Ideal location for exploring the Gold Coast's theme parks, hinterland mountains, and water-based experiences.
10. Light rail provides easy access to popular destinations on the Gold Coast.
11. Net profit of $36,600 and remuneration/body corp salary of $36,600.
12. Permanent complex with 27 total units, 10 owner-occupied units, and 17 outside agent units.
13. 25-year agreement term with 22 years remaining.
