Southport, Queensland
FIRST TIME FOR SALE IN 20 YEARS!
1,250,000
Business Description
Permanent Management Rights, Southport QLD
Long-term seller has now decided to retire after 20 years creating a great opportunity to acquire a solid permanent management rights business in a strong rental area.
Sought-after location close to public transport, tram, and easy walk to shops and entertainment/dining options.
This business is easy to run and would ideally suit one person or a couple with one person working outside the business. Separate office on title, manageable workload and no set office hours
Large 3 bedroom, 2 bathroom manager's residence with 2 separate living areas with enough space for a family. There are also 2 large balconies and 2 secure underground car spaces. Total area is 218 sq. metres including outdoor areas.
Generous body corporate salary of over $86,000 per annum plus GST offers a stable income with potential to increase the net profit due to the number of outside agents.
With 56 units in the complex and 21 in the letting pool, this business would even suit a first-timer or someone wishing to downsize from a larger business.
Net Profit: $114,000 per annum
Property Code: 1327
Business Summary
Key Investment Insights
1. First time offered in 20 years, permanent management rights for sale, long-term owner retiring provides a rare acquisition opportunity.
2. Located in Southport QLD, described as a strong rental area, supporting steady tenancy demand.
3. Excellent location appeal close to public transport and tram, within easy walking distance to shops, entertainment and dining.
4. Business described as easy to run, suitable for a single operator or a couple with one person working externally.
5. Separate office on title, enabling secure on-site management and potential for professional presentation.
6. Manageable workload with no set office hours, supporting flexibility and a low-maintenance operation.
7. Large manager’s residence, 3 bedrooms and 2 bathrooms, two separate living areas, two large balconies and two secure underground car spaces, total area 218 square metres including outdoor areas.
8. Generous body corporate salary of over $86,000 per annum plus GST, providing stable recurring income.
9. Net profit reported at $114,000 per annum, indicating solid financial performance.
10. Complex scale of 56 units with 21 in the letting pool, offering room to grow letting income and suitability for a first-time operator or someone downsizing.
