Southport, Queensland
Multiplier only 2.57 with 3-bedroom Apartment in Southport- ID 8538
$1,050,000
Business Description
Permanent Management Rights
Super Easy Duties with Flexible Hours
- Extremely low workload, only a pool to maintain, no other facilities, and minimal gardening; a truly simple and easy job.
- Come and compare, you’ll quickly see how this opportunity stands out for its simplicity and ease.
- No set office hours; continue your current lifestyle while earning additional income in your spare time, at your own pace.
- Stable Body Corporate salary of $62,701 + GST, with annual CPI increases.
- Net profit: $87,331 per annum.
- 25-year agreement in place, with more than 19 years remaining.
- Super low multiplier of only 2.57 in one of Southport’s most convenient and desirable suburbs.
- All permanent rentals, with 10 units in the letting pool and 10 managed by outside agents; significant income potential through expanding the rental roll and offering sales services.
- Spacious modern manager’s apartment featuring 3 bedrooms, 2 bathrooms, 2 secure car spaces, air conditioning, and a large balcony.
- Generous living space and a practical, on-title office included.
- Prime central location, close to everything Southport has to offer.
- Asking price: $1,050,000, including the spacious 3-bedroom manager’s residence.
This magnificent, easy-to-manage business, paired with a large manager’s residence in a premium location, is a rare find.
Net Profit: $87,331
Asking Price: $1,050,000
(Inclusive of Managers Real Estate)
For further information or to arrange an inspection of this business opportunity contact:
Management Rights Broker
Bill He
Property Code: 1033
Business Summary
Business Snapshot
Price: $1,050,000
Net Profit: $87,331 Remuneration / Body Corp Salary: $62,701Business Value: $225,000
Managers Unit
Value of Managers Apartment: $825,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Complex Information
Complex Type: PermanentAgreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: Yes
Key Investment Insights
AI generated. Confirm details with the seller.
1. Asking price of $1,050,000 includes the business and manager’s residence, valued at $225,000 and $825,000 respectively.
2. Annual net profit of $87,331, with a business multiplier of 2.57.
3. Body Corporate salary of $62,701 plus GST, with annual CPI increases.
4. Minimal duties involve pool maintenance and limited gardening, with no other facilities to maintain.
5. No set office hours provide flexibility to fit duties around your lifestyle.
6. Permanent management rights agreement has 19 years remaining from an original 25 year term.
7. Letting pool contains 10 permanent rentals, with another 10 externally managed units offering potential rental roll growth.
8. Additional income potential through offering sales services.
9. Modern manager’s apartment includes three bedrooms, two bathrooms, two secure car spaces, air conditioning and a large balcony.
10. Practical on title office included alongside generous residential living space.
11. Central Southport location offers convenient access to local amenities.
Management Rights Multiplier: 2.58
ROI Estimate: 8.32%
