Southport, Queensland

>>> Price Reduction <<<

$688K MR & $950K UNIT = Total $1.638M

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: $688K MR & $950K UNIT = Total $1.638M Net Profit: $163,861 Remuneration / Body Corp Salary: $126,033

Managers Unit

Value of Managers Apartment: $950,000Bedrooms: 3Bathrooms: 2Car Spaces: 4

Complex 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

Marketing Agent

Greg Litzner

0499 00....

Ras360

Key Investment Insights

1. Recently reduced asking price, total offer $1.638M comprising $688K management rights and $950K manager unit.
2. Proven operational stability, same manager for 12 years indicating strong community relationships and consistent performance.
3. Net profit of $163,861, delivering a clear cashflow metric for buyers.
4. Body Corporate salary $126,033 plus GST, rising annually with CPI, representing over 76 percent of total income and providing financial security.
5. Standard Module structure with a full 10 year agreement in place and a supportive committee, indicating contractual stability and low transition risk.
6. Lifestyle flexibility, no set office hours and straightforward, easy to manage caretaking duties.
7. Letting pool comprises 16 permanent rentals, with 10 externally managed units and 1 lockup unit, within a 91 unit permanent complex.
8. Clear upside potential to increase earnings by expanding the letting pool and capturing additional sales commission.
9. Manager’s residence is a modern 3 bedroom, 2 bathroom apartment with private yard and four car spaces, valued at $950,000.
10. Prime Southport location within sought after school catchments and close to shops, parks and transport, supporting strong tenant demand.
11. Large, well maintained complex which supports long term occupancy and asset appeal.
12. Low operational complexity and proven management model suitable for a motivated operator seeking lifestyle and income.

Management Rights Multiplier: 4.20
ROI Estimate: 23.82%