Southport, Queensland
Expressions of Interest...Motivated Vendor
EXPRESSIONS OF INTEREST
Business Description
A rare chance to secure a proven and stable management rights business in one of Southport’s most sought-after permanent complexes.
Recently reduced in price, this business now offers even greater value. It has been successfully operated by the same manager for 12 years, a strong endorsement of its stability, consistent performance, and long-standing relationships within the community.
The business generates a solid net profit of $163,861 with no set office hours, giving operators genuine lifestyle flexibility. The caretaking duties are straightforward and easy to manage, allowing the right buyer to run the business without unnecessary stress. Operating under the Standard Module with a full 10-year agreement in place and a supportive committee, the structure is sound and secure.
The letting pool currently includes 16 permanent rentals, alongside 10 externally managed units and 1 lock-up unit, within a large, well-maintained complex. For a motivated operator, there is clear opportunity to increase income by expanding the letting pool and earning additional sales commission.
Financial security is underpinned by the Body Corporate salary of $126,033 + GST, which increases annually with CPI and makes up more than 76% of total income.
The manager’s residence is a modern and spacious 3-bedroom, 2-bathroom home with stylish interiors and a private yard, perfectly suited to entertaining or relaxed family living. Located in a prime Southport position within sought-after school catchment zones and close to shops, parks, and transport, tenant demand remains consistently strong.
This is a rare offering that combines lifestyle, location, and financial security.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: EXPRESSIONS OF INTEREST
Net Profit: $163,861 Remuneration / Body Corp Salary: $126,033
Managers Unit
Bedrooms: 3Bathrooms: 2Car Spaces: 4Complex Information
Complex Type: PermanentTotal Units in Complex: 91Total Units in Letting Pool: 16Outside Agent Units: 10Lockup Units: 1Agreement Term: 10 yearsAgreement Term Remaining: 10 years
Key Investment Insights
1. Motivated vendor, price recently reduced, offers improved value for buyers.
2. Proven operational stability, same manager for 12 years indicating consistent performance and community relationships.
3. Solid net profit of $163,861, providing clear baseline earnings.
4. Body Corporate salary $126,033 plus GST, rising with CPI, comprises over 76 percent of total income, underpinning financial security.
5. No set office hours and straightforward caretaking duties, delivering genuine lifestyle flexibility for operators.
6. Operates under the Standard Module with a full 10-year agreement in place, 10 years remaining, and a supportive committee, giving contractual security.
7. Letting pool comprises 16 permanent rentals, with 10 outside-agent units and 1 lock-up unit, within a large 91-unit complex.
8. Clear upside potential to grow revenue by expanding the letting pool and earning additional sales commission.
9. Manager’s residence is modern and spacious, 3 bedrooms, 2 bathrooms, 4 car spaces, private yard, suitable for family living and entertaining.
10. Prime Southport location, within sought-after school catchment zones and close to shops, parks and transport, supporting steady tenant demand.
11. Large, well-maintained permanent complex, implying lower refurbishment risk and appeal to long-term tenants.
12. Income concentration risk due to majority reliance on Body Corporate salary, which buyers should consider alongside growth opportunities.
