Southport, Queensland

An Unpolished Gem!!!

$1,280,000

Business Description

An Unpolished Gem!!!

This partially gated complex in a prime location exudes potential and a secure living experience for one prepared to plan for the future. This complex is ideally located in Southport and close to Australia Fair Shopping Centre, Southport TAFE, the Broadwater, Ferry Road Markets, excellent Gold Coast Public and Private schools, including TSS and St Hilda's, and a short light rail ride to Griffith University and the Gold Coast Hospital.

The complex facilities include: outdoor pool, secure underground lock-up garage parking. Images might not depict this complex.

Also on offer: no fixed office hours, potential long-term agreements with Council taking care of the refuse bins. Opportunity for a couple wanting one party to still retain external employment, as the business can be managed by one person. This business would even suit a first-timer to the industry.

A huge unrenovated 3-bedroom 2-bathroom manager’s unit with study cum fourth bedroom, lounge and dining area with a fully equipped kitchen, two sizeable balconies and an adjoining on title office. Two secure underground parking lots.

To arrange an inspection please call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: $1,280,000 Net Profit: $114,000 Remuneration / Body Corp Salary: $88,000

Managers Unit

Value of Managers Apartment: $890,000Bedrooms: 4Bathrooms: 2Car Spaces: 3Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 56Total Units in Letting Pool: 21Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 15 yearsPool: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Prime location with potential for growth and secure living experience.
2. Close proximity to major amenities such as shopping centers, schools, and public transport.
3. Partially gated complex with outdoor pool and secure underground parking.
4. No fixed office hours and potential for long-term agreements with Council.
5. Opportunity for a couple or first-timer to the industry to manage the business.
6. Spacious 3-bedroom, 2-bathroom manager's unit with study and two balconies.
7. On-site office included in the unit.
8. Net profit of $114,000 and remuneration/body corp salary of $88,000.
9. Manager's unit valued at $890,000.
10. Permanent complex with 21 units in the letting pool out of a total of 56 units.
11. Accommodation agreement module with 15 years remaining.
12. Pool on-site for residents' use.
13. Pets allowed in the complex.

Management Rights Multiplier: 3.42
ROI Estimate: 29.23%