Southport, Queensland

$171,072 Net Profit in a Magnificent Complex - ID 9133

$1,580,000

Business Description

Permanent Management Rights for Sale
Large $129K Salary & Modern 3-Bed Residence

- High net profit of $171,072 with no set office hours.

- Standard Module with a full 10-year agreement in place and a supportive committee.

- All permanent rentals with 16 units in the letting pool, plus 10 managed by outside agents and 1 lockup unit in a large complex. Excellent income upside through increasing the letting pool and earning additional sales commission.

- Stable Body Corporate salary of $129,097 + GST, increasing annually with CPI.

- Modern, stylish, and spacious manager’s residence featuring 3 bedrooms, 2 bathrooms, air conditioning, and 4 car spaces.

- Open plan living, kitchen, and dining areas, with a generous yard ideal for entertaining and ample storage.

- Rare opportunity to secure a high-quality, modern residence located away from the front gate in a safe, peaceful, and beautifully maintained complex.

- Resort-style environment in a quiet and attractive setting.

- Super convenient location - close to shops, schools, and transport.

Net Profit: $171,072
Asking Price: $1,580,000
(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business opportunity contact:

Management Rights Broker
Bill He

Property Code: 1042

Business Summary

Business Snapshot

Price: $1,580,000 Net Profit: $171,072 Remuneration / Body Corp Salary: $129,087

Managers Unit

Value of Managers Apartment: $930,000Bedrooms: 3Bathrooms: 2Car Spaces: 4

Complex Information

Complex Type: PermanentAgreement Module: AccommodationAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesTennis Court: YesBBQ Area: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

1. High net profit of $171,072, indicating strong current cash returns.
2. Stable Body Corporate salary of approximately $129,097 plus GST, indexed annually with CPI.
3. Asking price $1,580,000 inclusive of manager’s real estate, enabling ownership of both business and residence.
4. Manager’s apartment valued at $930,000, modern 3 bedrooms, 2 bathrooms, air conditioning, and four car spaces.
5. Full 10 year Standard Module accommodation agreement in place, with the full 10 years remaining, providing long term contract security.
6. No set office hours, offering flexibility in daily operations.
7. Existing letting pool of 16 permanent rental units, plus 10 units managed by outside agents and one lockup unit, providing clear avenues to grow management income.
8. Identified income upside through expanding the letting pool and earning additional sales commission.
9. Supportive committee and well maintained, resort style complex featuring a pool, tennis court and BBQ area, enhancing resident appeal and retention.
10. Desirable Gold Coast location, close to shops, schools and transport, with the manager’s residence located away from the front gate in a safe, peaceful setting.

Management Rights Multiplier: 3.80
ROI Estimate: 26.32%