Southport, Queensland
FIRST TIME FOR SALE IN 20 YEARS!
$1,298,000
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. Long-standing business with 20 years of successful operation.
2. Located in a highly sought-after area with easy access to public transport and amenities.
3. Easy to run with manageable workload and no set office hours.
4. Separate office on title for convenience.
5. Large 3 bedroom, 2 bathroom manager's residence with ample living space.
6. Generous body corporate salary of over $86,000 per annum.
7. Potential to increase net profit through outside agent opportunities.
8. Suitable for first-timers or those looking to downsize from a larger business.
9. Net profit of $114,000 per annum.
10. Stable income with potential for growth.
