Southport, Queensland

Proximity to Services!!

$1,280,000

Business Description

Fast developing suburb surrounded by excellent services.

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: $71,000

Managers Unit

Value of Managers Apartment: $800,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

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. Asking price $1,280,000, reported net profit $120,000, with remuneration/body corporate salary $71,000.
2. Manager's apartment valued at $800,000, two bedrooms and two bathrooms, with an on-title office.
3. Manager's accommodation includes secure underground parking; listing also references two secure underground parking lots for the unit.
4. Complex is gated and described as offering a secure living experience, enhancing appeal for residents and owners.
5. Permanent complex with 43 total units, 17 units currently in the letting pool.
6. Long-term agreement structure, 25 year agreement term originally, with 19 years remaining, under an accommodation agreement module.
7. Facilities include an outdoor pool and secure underground lock-up garage parking, supporting resident amenity and rental appeal.
8. Prime Southport location close to Australia Fair Shopping Centre, Southport TAFE, the Broadwater and Ferry Road Markets.
9. Proximity to reputable schools including TSS and St Hilda's, and short light rail access to Griffith University and Gold Coast University Hospital.
10. Operational flexibility, no fixed office hours, ability to appoint a nominee, and manageable by a single person, suiting a working couple or first-time buyer.
11. Opportunity for one partner to retain external employment while operating the business, indicating relatively low hands-on staffing needs.
12. Disclaimer notes information accuracy not guaranteed, prospective purchasers advised to verify details, signalling need for buyer due diligence.

Management Rights Multiplier: 4.00
ROI Estimate: 25.00%