Southport, Queensland

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

$1,638,000

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: $1,638,000
(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: $1,638,000 Net Profit: $171,072 Remuneration / Body Corp Salary: $129,087

Managers Unit

Value of Managers Apartment: $950,000Bedrooms: 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 cashflow relative to the asking price of $1,638,000.
2. Stable Body Corporate salary of $129,097 plus GST, indexed annually to CPI, providing predictable recurring income.
3. Full 10-year Standard Module accommodation agreement in place, with the full term remaining and a supportive committee, reducing contract risk.
4. Manager’s residential unit valued at $950,000, modern and spacious with 3 bedrooms, 2 bathrooms and 4 car spaces, included in the sale.
5. No set office hours for managers, offering flexibility in operating arrangements and lifestyle benefits.
6. Large letting pool of 16 permanent rentals, plus 10 units managed by outside agents and 1 lockup unit, creating clear opportunity to increase managed stock and fee income.
7. Additional revenue upside from growing the letting pool and earning sales commission on transactions within the complex.
8. Resort-style complex amenities including a pool, tennis court and BBQ area, enhancing appeal to residents and renters.
9. Modern, stylish manager’s residence located away from the front gate in a safe, peaceful and well-maintained complex, improving liveability and privacy.
10. Super convenient Gold Coast location close to shops, schools and transport, supporting strong tenant demand and resale potential.

Management Rights Multiplier: 4.02
ROI Estimate: 24.87%