Southport, Queensland

Southport Management Rights: No Live-In Requirement, No Office Hours

$600K MR & $920K UNIT = Total $1.52M

Business Description

A tightly held, well-established management rights business in a secure gated estate of 91 lots, set in one of Southport’s most sought-after areas.
Southport is the Gold Coast’s CBD, close to Gold Coast University Hospital, Griffith University, the G:link light rail, Australia Fair and the Broadwater. That steady base of health workers, students and CBD professionals keeps demand for quality long-term rentals consistently high, with Southport vacancy sitting below 1%.
The business returns a net profit of approximately $177,000, underpinned by a strong Body Corporate salary of $129,000 + GST that has recently received a CPI increase. There are no office hours and no requirement to live on-site, so you can run it on your own terms. It is an ideal add-on for an existing operator or property manager.
The manager’s residence is a modern 3-bedroom, 2-bathroom home with quality finishes and a private outdoor area. You can live in it yourself or lease it for around $900 per week, which is extra income on top of the $177,000 net profit.
Key features
• Net profit approx. $177,000 (excludes residence rental income)
• Body Corporate salary of $129,000 + GST, recently CPI-increased
• 16 permanent rentals in the letting pool, plus 10 externally managed units and 1 owner-occupied lock-up
• No on-site living requirement and no office hours
• Residence rental potential of approx. $900 per week
• Straightforward caretaking with a stable, cooperative Body Corporate committee
• Gated estate with two pools, a floodlit tennis court, a BBQ area and generous green space
• Prime Southport location with strong demand for permanent rentals
Opportunities with this level of flexibility are rarely offered.

Business Summary

Business Snapshot

Price: $600K MR & $920K UNIT = Total $1.52M Net Profit: $177,331 Remuneration / Body Corp Salary: $129,694

Managers Unit

Value of Managers Apartment: $920,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 91Total Units in Letting Pool: 16Outside Agent Units: 10Lockup Units: 1Agreement Term: 10 yearsAgreement Term Remaining: 8 years

Marketing Agent

Kim Jeffrey

0429969....

Greg Litzner

0499 00....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Annual net profit of $177,331 excludes potential rental income from the manager’s residence.
2. Body Corporate remuneration of $129,694 underpins earnings, with a recent CPI increase reported.
3. No requirement to live on site and no office hours provide operational flexibility.
4. Modern three bedroom, two bathroom manager’s residence includes two car spaces and potential rental income of approximately $900 per week.
5. Established management rights business covers a secure gated estate of 91 lots, with 16 permanent rentals in the letting pool.
6. Prime Southport location near Gold Coast University Hospital, Griffith University, light rail, Australia Fair and the Broadwater.
7. Southport vacancy below 1% supports strong demand for permanent rentals from health workers, students and CBD professionals.
8. Straightforward caretaking duties and a stable, cooperative Body Corporate committee support operational simplicity.
9. Estate facilities include two pools, a floodlit tennis court, BBQ area and generous green space.
10. Management agreement has eight years remaining on a ten year term.
11. Suitable addition for an existing management rights operator or property manager.
12. Total asking price of $1.52 million comprises $600,000 for management rights and $920,000 for the residence.

Management Rights Multiplier: 3.38
ROI Estimate: 11.67%