Southport, Queensland

A Gem of a Position!!!

$1,280,000

Business Description

A Gem of a Position!!!

This gated complex in a prime location exudes potential and a secure living experience for one prepared to plan for the future. This complex is ideally located in Southport and close to Australia Fair Shopping Centre, Southport TAFE, the Broadwater, Ferry Road Markets, excellent Gold Coast Public and Private schools, including TSS and St Hilda's, and a short light rail ride to Griffith University and the Gold Coast Hospital.

The complex facilities include: outdoor pool, secure underground lock-up garage parking. Images might not depict this complex.

Also on offer: no fixed office hours, long-term agreements and ability to appoint a nominee. Opportunity for a couple wanting one party to still retain external employment, as the business can be managed by one person. This business would even suit a first-timer to the industry.

A 2-bedroom 2-bathroom manager’s unit with lounge and dining area and a fully equipped kitchen, and an adjoining on title office. Two secure underground parking lots.

To arrange an inspection please call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: $1,280,000 Net Profit: $120,000 Remuneration / Body Corp Salary: $71,700

Managers Unit

Value of Managers Apartment: $800,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 43Total Units in Letting Pool: 17Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Gated complex offering enhanced security and a marketable secure living experience, positioned as a key selling point.
2. Prime Southport location close to Australia Fair Shopping Centre, Southport TAFE, the Broadwater and Ferry Road Markets, boosting tenant appeal.
3. Excellent proximity to major education and health hubs, including TSS, St Hilda's, a short light rail ride to Griffith University and Gold Coast Hospital, supporting stable demand.
4. On-site amenities include an outdoor pool and secure underground lock-up garage parking, adding rental and lifestyle value.
5. Manager’s residence is a 2-bedroom, 2-bathroom unit with lounge, dining area and fully equipped kitchen, enabling on-site management.
6. Adjoining on-title office attached to the manager’s unit, providing convenient workspace and operational flexibility.
7. Two secure underground parking lots allocated to the manager’s unit, reducing parking constraints and increasing utility.
8. Operational flexibility with no fixed office hours, long-term agreements and ability to appoint a nominee, facilitating varied management arrangements.
9. Business is single-person manageable, suitable for a couple where one partner remains externally employed, lowering labour requirements.
10. Positioned as suitable for first-time operators, indicating relatively straightforward operations and entry-level investment potential.
11. Listing emphasises future planning potential, suggesting opportunity for value-add or long-term income growth.
12. Images may not depict this complex and seller disclaims accuracy, signalling the need for purchaser due diligence.

Management Rights Multiplier: 4.00
ROI Estimate: 25.00%