Southport, Queensland

No requirement to live on-site

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

Business Description

A tightly held and exceptionally well-established management rights opportunity within a secure gated estate in one of Southport’s most sought-after permanent complexes.

Owned and operated by the same experienced managers for the past 12 years, the business benefits from proven systems, streamlined procedures, and long-standing relationships within the complex, providing a seamless transition and strong operational foundation for an incoming purchaser.

Generating a consistent net profit of approximately $177k, the business operates with no office hours and importantly, no requirement for the manager to reside on-site, offering genuine flexibility and lifestyle appeal. This rare feature provides the freedom to either occupy the manager's residence or utilise it as an investment, depending on your preferred operating structure. The caretaking duties are straightforward and manageable, supported by a stable and cooperative committee, making this a low-stress operation suited to both experienced operators and those seeking a more balanced workload.

The letting pool consists of 16 permanent rentals, together with 10 externally managed units and 1 owner-occupied lock-up, within a large, secure gated complex that is exceptionally well maintained and tightly held by residents and investors alike. There is also clear upside for an incoming operator through potential letting pool growth and future sales activity within the estate.

A major strength of the business is the strong Body Corporate salary of $129k plus GST, indexed annually to CPI and accounting for more than 75% of the overall income, providing excellent stability and predictability.

The manager’s residence is a modern and well-appointed 3-bedroom, 2-bathroom home featuring quality finishes and a private outdoor area. Positioned within a tightly held Southport estate, the complex continues to experience strong tenant demand due to its proximity to quality schools, shopping precincts, public transport, parks, and lifestyle amenities.

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. Consistent reported net profit of $177,331, with a total asking price of $1.52 million including the manager’s residence.
2. Body Corporate salary of $129,694 plus GST is indexed annually to CPI, supporting predictable income.
3. No office hours or requirement to live onsite provides flexibility to occupy the manager’s residence or use it as an investment.
4. Established managers have operated the business for 12 years, supported by proven systems, streamlined procedures and longstanding relationships.
5. Straightforward caretaking duties and a stable, cooperative committee support a manageable workload.
6. Secure, exceptionally well maintained gated estate in a sought after Southport location with strong tenant demand.
7. Nearby schools, shopping precincts, public transport, parks and lifestyle amenities enhance residential appeal.
8. Modern manager’s residence includes three bedrooms, two bathrooms, two car spaces, quality finishes and a private outdoor area.
9. Permanent letting pool comprises 16 rentals within a 91 unit complex, with potential pool growth and future estate sales activity.
10. Management agreement has eight years remaining on a ten year term.

Management Rights Multiplier: 3.38
ROI Estimate: 11.67%